Legacy Financial Advisors Inc. Acquires 192 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Legacy Financial Advisors Inc. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,632 shares of the home improvement retailer’s stock after acquiring an additional 192 shares during the period. Legacy Financial Advisors Inc.’s holdings in Lowe’s Companies were worth $586,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LOW. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $25,000. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC raised its holdings in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Lowe’s Companies during the third quarter worth $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Lowe’s Companies in the 4th quarter worth $47,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.1 %

Shares of LOW traded up $2.55 during trading hours on Friday, hitting $232.13. 1,834,728 shares of the company were exchanged, compared to its average volume of 2,044,726. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The company has a market cap of $132.82 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.70 and a beta of 1.15. The firm’s fifty day moving average is $240.07 and its 200 day moving average is $220.75.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period last year, the firm earned $2.28 EPS. Analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

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 dividend yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent research reports. Evercore ISI reduced their price objective on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. UBS Group boosted their price objective on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Citigroup lifted their target price on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Stifel Nicolaus reduced their price target on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Finally, Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and a consensus target price 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.