Evexia Wealth LLC Acquires 769 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Evexia Wealth LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the fourth quarter, HoldingsChannel reports. The fund owned 34,187 shares of the home improvement retailer’s stock after purchasing an additional 769 shares during the quarter. Lowe’s Companies comprises about 3.2% of Evexia Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. Evexia Wealth LLC’s holdings in Lowe’s Companies were worth $7,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley raised its stake in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after purchasing an additional 116,855 shares during the period. Northern Trust Corp grew its holdings in Lowe’s Companies by 1.1% during the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after buying an additional 78,901 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lowe’s Companies by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock valued at $714,637,000 after buying an additional 41,451 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in shares of Lowe’s Companies by 187,225.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.1 %

LOW stock traded down $0.25 during midday trading on Tuesday, hitting $231.45. The company had a trading volume of 1,912,237 shares, compared to its average volume of 2,453,542. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The stock has a market cap of $132.43 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.72 and a beta of 1.15. The stock’s 50 day moving average price is $240.00 and its 200 day moving average price is $221.68.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 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 net margin of 8.94% and a negative return on equity of 51.42%. The firm’s revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.28 EPS. Analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of analyst reports. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, February 14th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. UBS Group boosted their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group raised their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus cut their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a report on Friday, February 16th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $252.67.

Lowe’s Companies Profile

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.