Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Lifted by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 21.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,284 shares of the home improvement retailer’s stock after buying an additional 1,805 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in Lowe’s Companies were worth $2,620,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LOW. Wetzel Investment Advisors Inc. bought a new stake in Lowe’s Companies in the 4th quarter valued at about $25,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies in the 3rd quarter valued at about $26,000. Tidemark LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies during the 4th quarter valued at about $28,000. Finally, Transcendent Capital Group LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at about $31,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 0.3 %

NYSE LOW traded up $0.66 during trading on Friday, reaching $220.46. 12,630,451 shares of the stock traded hands, compared to its average volume of 2,428,194. The firm has a market cap of $125.63 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The stock’s 50-day moving average price is $225.32 and its 200 day moving average price is $228.26. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the company earned $3.67 earnings per share. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Wednesday, July 24th. Lowe’s Companies’s payout ratio is currently 35.34%.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent research reports. Truist Financial lowered their price objective on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Citigroup decreased their price target on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. DA Davidson reduced their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. Gordon Haskett restated a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $251.33.

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.