Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,266 shares of the home improvement retailer’s stock after purchasing an additional 75 shares during the quarter. Brighton Jones LLC’s holdings in Lowe’s Companies were worth $4,288,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board lifted its position in Lowe’s Companies by 187,225.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock worth $438,783,000 after purchasing an additional 2,110,032 shares during the period. International Assets Investment Management LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth approximately $430,090,000. Schroder Investment Management Group lifted its position in Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after purchasing an additional 1,831,727 shares during the period. Aristotle Capital Management LLC lifted its position in shares of Lowe’s Companies by 143.8% during the 3rd quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock valued at $283,019,000 after acquiring an additional 803,216 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $144,530,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

NYSE LOW traded down $3.02 on Tuesday, reaching $227.92. The company had a trading volume of 2,435,258 shares, compared to its average volume of 2,494,747. The firm has a market capitalization of $130.41 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The company’s fifty day moving average is $240.06 and its 200-day moving average is $220.18.

Lowe’s Companies (NYSE:LOW) last posted 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. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the business posted $2.28 EPS. The company’s quarterly revenue was down 17.1% on a year-over-year basis. On average, research analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.93%. Lowe’s Companies’s dividend payout ratio (DPR) is 33.43%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LOW. Stifel Nicolaus cut their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. UBS Group raised their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Morgan Stanley raised their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, DA Davidson reissued a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.