Axxcess Wealth Management LLC Has $484,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Axxcess Wealth Management LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,773 shares of the home improvement retailer’s stock after purchasing an additional 81 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Lowe’s Companies were worth $484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFM Investors Pty Ltd grew its holdings in shares of Lowe’s Companies by 15.3% during the first quarter. IFM Investors Pty Ltd now owns 106,624 shares of the home improvement retailer’s stock worth $21,558,000 after purchasing an additional 14,118 shares during the last quarter. Axiom Financial Strategies LLC grew its holdings in shares of Lowe’s Companies by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock worth $275,000 after purchasing an additional 123 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Lowe’s Companies by 12.7% during the first quarter. Victory Capital Management Inc. now owns 608,006 shares of the home improvement retailer’s stock worth $120,221,000 after purchasing an additional 68,298 shares during the last quarter. Adviser Investments LLC grew its holdings in shares of Lowe’s Companies by 8.0% during the first quarter. Adviser Investments LLC now owns 7,116 shares of the home improvement retailer’s stock worth $1,439,000 after purchasing an additional 526 shares during the last quarter. Finally, Dearborn Partners LLC grew its holdings in shares of Lowe’s Companies by 23.4% during the first quarter. Dearborn Partners LLC now owns 8,415 shares of the home improvement retailer’s stock worth $1,701,000 after purchasing an additional 1,593 shares during the last quarter. Institutional investors and hedge funds own 74.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LOW shares. Truist Financial boosted their price target on Lowe’s Companies from $237.00 to $263.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. StockNews.com started coverage on Lowe’s Companies in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. The Goldman Sachs Group upped their target price on Lowe’s Companies from $226.00 to $241.00 and gave the company a “buy” rating in a report on Wednesday, November 16th. Oppenheimer reiterated an “outperform” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, November 17th. Finally, Wedbush reduced their target price on Lowe’s Companies to $190.00 in a report on Wednesday, November 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $231.35.

Lowe’s Companies Stock Down 1.6 %

Shares of NYSE:LOW opened at $211.02 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $170.12 and a twelve month high of $263.31. The stock’s 50 day moving average is $194.18 and its 200-day moving average is $192.60. The firm has a market capitalization of $130.98 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.18 and a beta of 1.15.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.18. The business had revenue of $23.48 billion during the quarter, compared to analyst estimates of $23.16 billion. Lowe’s Companies had a negative return on equity of 103.72% and a net margin of 6.97%. Lowe’s Companies’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.73 EPS. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 13.77 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, January 24th. Lowe’s Companies’s payout ratio is currently 41.14%.

Lowe’s Companies Company Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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