Tradition Wealth Management LLC Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Tradition Wealth Management LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,715 shares of the home improvement retailer’s stock after purchasing an additional 188 shares during the quarter. Tradition Wealth Management LLC’s holdings in Lowe’s Companies were worth $670,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LOW. Invst LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth about $255,000. Virtu Financial LLC lifted its position in Lowe’s Companies by 66.1% during the 3rd quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer’s stock worth $1,483,000 after acquiring an additional 2,178 shares during the period. Tudor Financial Inc. acquired a new position in shares of Lowe’s Companies in the third quarter valued at approximately $1,877,000. Anchor Investment Management LLC increased its holdings in shares of Lowe’s Companies by 2.6% in the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer’s stock valued at $12,334,000 after purchasing an additional 1,161 shares during the period. Finally, World Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 7.6% during the third quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer’s stock worth $6,423,000 after purchasing an additional 1,670 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $219.01 on Monday. The business has a 50 day moving average price of $232.59 and a 200 day moving average price of $252.50. The company has a market capitalization of $122.58 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LOW. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 15th. Truist Financial dropped their price target on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Mizuho reduced their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Piper Sandler dropped their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen 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 a consensus price target of $278.74.

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.