Legacy Financial Advisors Inc. Acquires 344 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Legacy Financial Advisors Inc. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,632 shares of the home improvement retailer’s stock after buying an additional 344 shares during the period. Legacy Financial Advisors Inc.’s holdings in Lowe’s Companies were worth $896,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. IFS Advisors LLC bought a new position in Lowe’s Companies in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC increased its position in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $31,000. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $44,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 5.6 %

LOW stock opened at $223.48 on Thursday. The company’s 50-day simple moving average is $237.70 and its 200-day simple moving average is $254.99. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The firm has a market cap of $125.08 billion, a P/E ratio of 18.64, a PEG ratio of 1.96 and a beta of 1.07.

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

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LOW. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Evercore ISI upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Royal Bank of Canada cut their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Sanford C. Bernstein upped their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the 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.