Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Elwood & Goetz Wealth Advisory Group LLC

Elwood & Goetz Wealth Advisory Group LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,680 shares of the home improvement retailer’s stock after buying an additional 73 shares during the quarter. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Lowe’s Companies were worth $374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC raised its position in Lowe’s Companies by 33.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock worth $695,000 after acquiring an additional 843 shares during the period. Meridian Wealth Management LLC lifted its position in shares of Lowe’s Companies by 100.4% during the third quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock worth $6,492,000 after purchasing an additional 15,612 shares in the last quarter. Biondo Investment Advisors LLC lifted its position in shares of Lowe’s Companies by 1.0% during the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after purchasing an additional 620 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Lowe’s Companies by 2.5% during the third quarter. Geneos Wealth Management Inc. now owns 6,950 shares of the home improvement retailer’s stock worth $1,444,000 after purchasing an additional 168 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in Lowe’s Companies in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LOW shares. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. The Goldman Sachs Group raised their price objective on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Wednesday. Evercore ISI raised their price objective on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, Truist Financial raised their price objective on shares of Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $251.60.

Lowe’s Companies Price Performance

NYSE:LOW opened at $254.73 on Friday. The firm’s fifty day moving average price is $232.18 and its 200 day moving average price is $215.99. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The firm has a market cap of $145.75 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the firm posted $2.28 EPS. Lowe’s Companies’s quarterly revenue was down 17.1% on a year-over-year basis. As a group, analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

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.