Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Elwood & Goetz Wealth Advisory Group LLC

Elwood & Goetz Wealth Advisory Group LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,680 shares of the home improvement retailer’s stock after acquiring an additional 73 shares during the quarter. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Lowe’s Companies were worth $374,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. FLC Capital Advisors raised its holdings in Lowe’s Companies by 25.0% in the fourth quarter. FLC Capital Advisors now owns 1,490 shares of the home improvement retailer’s stock valued at $332,000 after acquiring an additional 298 shares in the last quarter. Morton Capital Management LLC CA raised its holdings in Lowe’s Companies by 2.4% during the fourth quarter. Morton Capital Management LLC CA now owns 2,439 shares of the home improvement retailer’s stock worth $543,000 after purchasing an additional 58 shares in the last quarter. Good Life Advisors LLC raised its holdings in Lowe’s Companies by 2.6% during the fourth quarter. Good Life Advisors LLC now owns 10,757 shares of the home improvement retailer’s stock worth $2,394,000 after purchasing an additional 276 shares in the last quarter. Great Lakes Retirement Inc. raised its holdings in Lowe’s Companies by 4.2% during the fourth quarter. Great Lakes Retirement Inc. now owns 7,732 shares of the home improvement retailer’s stock worth $1,721,000 after purchasing an additional 314 shares in the last quarter. Finally, Elk River Wealth Management LLC raised its holdings in Lowe’s Companies by 2.0% during the fourth quarter. Elk River Wealth Management LLC now owns 30,999 shares of the home improvement retailer’s stock worth $6,899,000 after purchasing an additional 595 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.6 %

Shares of LOW stock opened at $254.73 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market capitalization of $145.75 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.87 and a beta of 1.13. The stock has a 50-day simple moving average of $232.18 and a 200 day simple moving average of $215.99.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate 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 revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.28 earnings per share. On average, sell-side analysts anticipate 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. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LOW. Wedbush raised their price objective on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. UBS Group raised their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Royal Bank of Canada lifted their price objective on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $251.60.

About Lowe’s Companies

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.