Lavaca Capital LLC Acquires New Shares in Lowe’s Companies, Inc. (NYSE:LOW)
Lavaca Capital LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,325 shares of the home improvement retailer’s stock, valued at approximately $534,000.
A number of other hedge funds have also bought and sold shares of the business. HighMark Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 272.1% in the third quarter. HighMark Wealth Management LLC now owns 160 shares of the home improvement retailer’s stock worth $28,000 after acquiring an additional 117 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $33,000. Danda Trouve Investment Management Inc. increased its stake in Lowe’s Companies by 73.9% during the 3rd quarter. Danda Trouve Investment Management Inc. now owns 200 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 85 shares in the last quarter. Chiron Capital Management LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $33,000. Finally, Catalyst Private Wealth LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.
A number of brokerages recently commented on LOW. Truist restated a “buy” rating and set a $178.00 price objective on shares of Lowe’s Companies in a report on Friday, November 20th. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to an “accumulate” rating and set a $181.00 price target on the stock. in a research note on Thursday, November 12th. Oppenheimer cut Lowe’s Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $185.00 to $180.00 in a research report on Friday, September 18th. Jefferies Financial Group lifted their target price on Lowe’s Companies from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Thursday, December 10th. Finally, Loop Capital upped their price target on Lowe’s Companies from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $171.82.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 17th. The home improvement retailer reported $1.98 EPS for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.01. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. The firm had revenue of $22.31 billion during the quarter, compared to analysts’ expectations of $21.08 billion. During the same period in the previous year, the business posted $1.41 earnings per share. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 8.7 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 3rd. Investors of record on Wednesday, January 20th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, January 19th. Lowe’s Companies’s payout ratio is 41.96%.
Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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