Eudaimonia Advisors LLC Reduces Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Eudaimonia Advisors LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,537 shares of the home improvement retailer’s stock after selling 110 shares during the quarter. Eudaimonia Advisors LLC’s holdings in Lowe’s Companies were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Capital Investment Advisors LLC raised its position in shares of Lowe’s Companies by 1.4% during the third quarter. Capital Investment Advisors LLC now owns 7,160 shares of the home improvement retailer’s stock valued at $1,488,000 after buying an additional 96 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of Lowe’s Companies by 6.6% during the third quarter. Onyx Bridge Wealth Group LLC now owns 1,680 shares of the home improvement retailer’s stock valued at $349,000 after buying an additional 104 shares during the last quarter. Elevated Capital Advisors LLC raised its position in shares of Lowe’s Companies by 5.2% during the third quarter. Elevated Capital Advisors LLC now owns 1,795 shares of the home improvement retailer’s stock valued at $373,000 after buying an additional 88 shares during the last quarter. Patriot Investment Management Group Inc. raised its position in shares of Lowe’s Companies by 5.6% during the third quarter. Patriot Investment Management Group Inc. now owns 1,858 shares of the home improvement retailer’s stock valued at $386,000 after buying an additional 98 shares during the last quarter. Finally, 1900 Wealth Management LLC raised its position in shares of Lowe’s Companies by 209.9% during the third quarter. 1900 Wealth Management LLC now owns 3,378 shares of the home improvement retailer’s stock valued at $702,000 after buying an additional 2,288 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.1 %

Lowe’s Companies stock traded up $2.46 during mid-day trading on Tuesday, reaching $233.69. The company’s stock had a trading volume of 2,189,739 shares, compared to its average volume of 2,533,403. The firm has a market cap of $133.72 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.70 and a beta of 1.13. The business has a 50 day moving average price of $239.65 and a 200-day moving average price of $219.11. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

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

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 33.43%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LOW shares. DA Davidson reissued a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. The Goldman Sachs Group lifted their price objective on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Wedbush lifted their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Piper Sandler upped their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, Morgan Stanley upped their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and a consensus target price of $252.52.

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.