Hirtle Callaghan & Co LLC Takes $243,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Hirtle Callaghan & Co LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 985 shares of the home improvement retailer’s stock, valued at approximately $243,000.

Other large investors have also recently made changes to their positions in the company. StoneX Group Inc. purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $2,713,000. Principal Financial Group Inc. lifted 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 worth $175,944,000 after purchasing an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in Lowe’s Companies by 288.6% in the 4th 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Lowe’s Companies by 1.2% in 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 in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings 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 worth $4,894,000 after purchasing an additional 501 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 26th. Sanford C. Bernstein boosted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Piper Sandler lowered their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Finally, Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Up 0.4 %

LOW opened at $227.09 on Monday. The business has a fifty day moving average of $247.99 and a 200 day moving average of $257.88. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock has a market cap of $128.23 billion, a P/E ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12.

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

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.03%. Lowe’s Companies’s payout ratio is currently 37.67%.

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.