Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,683 shares of the home improvement retailer’s stock after purchasing an additional 4,152 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Lowe’s Companies were worth $8,164,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LOW. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the 3rd quarter worth $26,000. VisionPoint Advisory Group LLC grew its stake in shares of Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Lowe’s Companies during the third quarter valued at about $40,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Lowe’s Companies during the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.0 %

Shares of LOW traded up $2.21 during trading hours on Friday, hitting $232.17. 71,959 shares of the stock traded hands, compared to its average volume of 2,483,087. The business has a fifty day moving average of $239.92 and a 200-day moving average of $219.50. The firm has a market capitalization of $132.85 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

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

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LOW. Gordon Haskett reaffirmed a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Royal Bank of Canada lifted their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Barclays lifted their price objective on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Evercore ISI dropped their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, Wells Fargo & Company increased their target price on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and an average price target of $252.52.

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.