Evexia Wealth LLC Purchases 769 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Evexia Wealth LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,187 shares of the home improvement retailer’s stock after purchasing an additional 769 shares during the period. Lowe’s Companies makes up approximately 3.2% of Evexia Wealth LLC’s investment portfolio, making the stock its 14th largest holding. Evexia Wealth LLC’s holdings in Lowe’s Companies were worth $7,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Morgan Stanley grew its stake in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock worth $2,271,836,000 after acquiring an additional 116,855 shares in the last quarter. Northern Trust Corp grew its position in Lowe’s Companies by 1.1% in the third quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after purchasing an additional 78,901 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lowe’s Companies by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock valued at $714,637,000 after buying an additional 41,451 shares during the last quarter. Schroder Investment Management Group lifted its position in Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in shares of Lowe’s Companies by 187,225.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock worth $438,783,000 after buying an additional 2,110,032 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 0.1 %

Shares of LOW traded down $0.25 during mid-day trading on Tuesday, hitting $231.45. 1,912,237 shares of the company’s stock were exchanged, compared to its average volume of 2,453,542. The firm has a market cap of $132.43 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15. The stock’s 50-day simple moving average is $240.00 and its 200-day simple moving average is $221.68. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49.

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. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s revenue was down 17.1% on a year-over-year basis. During the same quarter last year, the company earned $2.28 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is presently 33.43%.

Analysts Set New Price Targets

Several analysts recently issued reports on LOW shares. Evercore ISI dropped their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. DA Davidson reissued a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Stifel Nicolaus lowered their target price on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Mizuho started coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $252.67.

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.