Private Portfolio Partners LLC Makes New $200,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Private Portfolio Partners LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 900 shares of the home improvement retailer’s stock, valued at approximately $200,000.

Several other large investors have also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. grew its stake in shares of Lowe’s Companies by 4.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 52,162 shares of the home improvement retailer’s stock worth $11,609,000 after acquiring an additional 2,264 shares during the last quarter. One Capital Management LLC boosted its stake in Lowe’s Companies by 13.1% in the 4th quarter. One Capital Management LLC now owns 4,032 shares of the home improvement retailer’s stock worth $897,000 after purchasing an additional 468 shares in the last quarter. AlphaStar Capital Management LLC grew its position in Lowe’s Companies by 14.7% during the 4th quarter. AlphaStar Capital Management LLC now owns 3,923 shares of the home improvement retailer’s stock valued at $873,000 after purchasing an additional 502 shares during the last quarter. Qsemble Capital Management LP bought a new stake in Lowe’s Companies during the 4th quarter valued at about $6,199,000. Finally, JFS Wealth Advisors LLC increased its stake in Lowe’s Companies by 4.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 3,865 shares of the home improvement retailer’s stock valued at $860,000 after purchasing an additional 150 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded down $1.10 during midday trading on Friday, reaching $235.03. The stock had a trading volume of 1,336,848 shares, compared to its average volume of 1,902,560. The company has a market capitalization of $134.48 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 1.74 and a beta of 1.15. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The stock has a 50-day moving average of $239.58 and a 200-day moving average of $222.43.

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, topping analysts’ consensus estimates of $1.68 by $0.09. The business 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%. Lowe’s Companies’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.28 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Analyst Ratings Changes

Several brokerages recently weighed in on LOW. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a report on Wednesday, March 27th. Stifel Nicolaus reduced 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. Piper Sandler boosted their target price on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, Zelman & Associates restated a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.