IFG Advisory LLC Has $4.41 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

IFG Advisory LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,832 shares of the home improvement retailer’s stock after selling 85 shares during the quarter. IFG Advisory LLC’s holdings in Lowe’s Companies were worth $4,414,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LOW. Axiom Financial Strategies LLC grew its holdings in shares of Lowe’s Companies by 9.8% during the 1st 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 in the last quarter. United Bank boosted its stake in Lowe’s Companies by 6.8% in the first quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock valued at $1,968,000 after buying an additional 617 shares in the last quarter. Prudential PLC acquired a new stake in Lowe’s Companies in the first quarter valued at about $1,629,000. Baird Financial Group Inc. boosted its stake in Lowe’s Companies by 0.4% in the first quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock valued at $51,780,000 after buying an additional 920 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Lowe’s Companies by 74.6% in the first quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after buying an additional 126 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 0.8 %

Shares of NYSE:LOW opened at $253.33 on Thursday. The stock has a market cap of $144.95 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.86 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The business’s 50 day moving average is $231.47 and its 200 day moving average is $215.72.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.28 earnings per share. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.74%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research analyst reports. UBS Group raised their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley raised their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Truist Financial increased their target price on Lowe’s Companies from $244.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Royal Bank of Canada increased their target price on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus dropped their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $251.60.

Lowe’s Companies Company 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.