SevenBridge Financial Group LLC Raises Position in Lowe’s Companies, Inc. (NYSE:LOW)

SevenBridge Financial Group LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,888 shares of the home improvement retailer’s stock after purchasing an additional 679 shares during the period. SevenBridge Financial Group LLC’s holdings in Lowe’s Companies were worth $1,256,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LOW. IFS Advisors LLC purchased a new stake in Lowe’s Companies in the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies in the third quarter worth approximately $27,000. Winch Advisory Services LLC grew its holdings in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $31,000. Finally, Caisse Des Depots ET Consignations purchased a new position in Lowe’s Companies during the fourth quarter worth approximately $33,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.2 %

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

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

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.67%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Truist Financial lowered their price target on 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. Stifel Nicolaus raised their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Finally, Mizuho dropped their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $279.71.

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.