Nemes Rush Group LLC Has $188,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Nemes Rush Group LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1,711.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 761 shares of the home improvement retailer’s stock after purchasing an additional 719 shares during the period. Nemes Rush Group LLC’s holdings in Lowe’s Companies were worth $188,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LOW. Principal Financial Group Inc. raised its holdings in Lowe’s Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after acquiring an additional 24,812 shares during the period. Miracle Mile Advisors LLC increased its stake in shares of Lowe’s Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock worth $4,696,000 after purchasing an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Lowe’s Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after purchasing an additional 4,435 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Lowe’s Companies by 2.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock valued at $4,894,000 after purchasing an additional 501 shares during the period. Finally, Great Lakes Advisors LLC grew its holdings in Lowe’s Companies by 1.5% in the 4th quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer’s stock valued at $116,696,000 after buying an additional 7,187 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $233.72 on Wednesday. The business has a 50 day moving average of $244.40 and a 200-day moving average of $257.09. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company has a market capitalization of $130.82 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.96 and a beta of 1.12.

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

Lowe’s Companies Dividend Announcement

The business also recently declared 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 is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. Lowe’s Companies’s payout ratio is 37.67%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LOW shares. Truist Financial reduced their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada decreased their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. Piper Sandler reduced their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.71.

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.