Nicolet Advisory Services LLC Acquires 227 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Nicolet Advisory Services LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 6.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,673 shares of the home improvement retailer’s stock after buying an additional 227 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Lowe’s Companies were worth $911,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LOW. Klingenstein Fields & Co. LP boosted its holdings in Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after acquiring an additional 39 shares in the last quarter. Saxony Capital Management LLC increased its position in shares of Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 40 shares during the period. Powers Advisory Group LLC raised its stake in Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after buying an additional 40 shares in the last quarter. Cordatus Wealth Management LLC raised its stake in Lowe’s Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock worth $3,705,000 after buying an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc lifted its holdings in Lowe’s Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock worth $715,000 after buying an additional 42 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

LOW stock opened at $235.25 on Thursday. The company has a market cap of $131.67 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock’s fifty day moving average price is $243.94 and its 200-day moving average price is $256.94.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.96%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Analysts Set New Price Targets

LOW has been the subject of several research reports. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Truist Financial dropped their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Mizuho lowered their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.35.

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.