TRUE Private Wealth Advisors Purchases 794 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

TRUE Private Wealth Advisors boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 31.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,314 shares of the home improvement retailer’s stock after purchasing an additional 794 shares during the period. TRUE Private Wealth Advisors’ holdings in Lowe’s Companies were worth $737,000 as of its most recent SEC filing.

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

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $228.86 on Thursday. The company’s fifty day moving average price is $239.29 and its 200 day moving average price is $218.38. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The company has a market capitalization of $130.95 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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 business had revenue of $18.60 billion for 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 company’s revenue was down 17.1% compared to the same quarter last year. During the same period last year, the firm posted $2.28 earnings per share. On average, equities analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders 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 yield of 1.92%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LOW. Morgan Stanley upped their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Wedbush increased their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. UBS Group increased their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Piper Sandler increased their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Finally, StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $252.52.

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.