One Wealth Management Investment & Advisory Services LLC Takes $404,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

One Wealth Management Investment & Advisory Services LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, HoldingsChannel reports. The fund bought 1,815 shares of the home improvement retailer’s stock, valued at approximately $404,000.

Other large investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in Lowe’s Companies during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC grew its holdings in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Lowe’s Companies during the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies during the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded up $1.31 during midday trading on Friday, hitting $239.32. The company had a trading volume of 1,677,498 shares, compared to its average volume of 2,474,616. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a market cap of $136.93 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13. The business’s 50-day simple moving average is $236.46 and its 200-day simple moving average is $216.99.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period in the prior year, the business posted $2.28 earnings per share. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research analyst reports. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target for the company in a research report on Wednesday, February 14th. Citigroup lifted their price target on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Zelman & Associates reiterated a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Barclays lifted their price target on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Finally, Evercore ISI upped their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $252.33.

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.