8,443 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Everpar Advisors LLC

Everpar Advisors LLC purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,443 shares of the home improvement retailer’s stock, valued at approximately $1,879,000. Lowe’s Companies accounts for about 0.9% of Everpar Advisors LLC’s portfolio, making the stock its 16th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. acquired a new stake in Lowe’s Companies during the fourth quarter worth approximately $25,000. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies in the third quarter worth $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Lowe’s Companies in the fourth quarter valued at about $33,000. VisionPoint Advisory Group LLC grew its stake in 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 buying an additional 70 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in Lowe’s Companies in the 3rd quarter valued at about $40,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LOW. Truist Financial lifted their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped 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. The Goldman Sachs Group lifted their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a report on Wednesday, February 14th. Finally, Royal Bank of Canada lifted their price target on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $252.67.

Lowe’s Companies Stock Performance

Shares of LOW stock traded up $0.61 during mid-day trading on Wednesday, hitting $232.07. The company’s stock had a trading volume of 1,674,512 shares, compared to its average volume of 2,444,876. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The company’s fifty day simple moving average is $240.00 and its 200-day simple moving average is $221.68. The company has a market cap of $132.79 billion, a PE ratio of 17.63, a P/E/G ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for 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 was down 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.28 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Lowe’s Companies Company 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.