Fountainhead AM LLC Buys New Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Fountainhead AM LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,326 shares of the home improvement retailer’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LOW. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth about $26,000. VisionPoint Advisory Group LLC increased its position in shares of Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Lowe’s Companies during the third quarter worth about $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. DA Davidson reaffirmed a “neutral” rating and set a $270.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Wedbush boosted their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Oppenheimer reissued a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Monday, March 4th. Finally, Piper Sandler boosted their price objective on Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Up 1.1 %

Shares of LOW traded up $2.46 during mid-day trading on Tuesday, reaching $233.69. The company’s stock had a trading volume of 2,189,739 shares, compared to its average volume of 2,533,403. The business has a fifty day moving average of $239.82 and a 200 day moving average of $219.35. The company has a market cap of $133.72 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 earnings per share. On average, analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.88%. Lowe’s Companies’s payout ratio is currently 33.43%.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.