Colton Groome Financial Advisors LLC Cuts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Colton Groome Financial Advisors LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,327 shares of the home improvement retailer’s stock after selling 180 shares during the period. Colton Groome Financial Advisors LLC’s holdings in Lowe’s Companies were worth $295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC grew 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 buying an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. acquired a new stake in Lowe’s Companies in the 3rd quarter worth approximately $40,000. Finally, True Wealth Design LLC acquired a new stake in Lowe’s Companies in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on LOW shares. UBS Group lifted 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 note on Wednesday, February 28th. Gordon Haskett reiterated a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Piper Sandler lifted their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research note on Wednesday, February 14th. Finally, Truist Financial lifted their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Down 0.0 %

Shares of Lowe’s Companies stock traded down $0.10 during trading hours on Thursday, reaching $228.76. 1,993,108 shares of the company’s stock were exchanged, compared to its average volume of 2,552,402. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The business has a fifty day moving average of $239.29 and a two-hundred day moving average of $218.38. The company has a market capitalization of $130.89 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

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

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Lowe’s Companies 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.