XML Financial LLC Decreases Holdings in Lowe’s Companies, Inc. $LOW

XML Financial LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 39.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,530 shares of the home improvement retailer’s stock after selling 2,257 shares during the period. XML Financial LLC’s holdings in Lowe’s Companies were worth $887,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Waterloo Capital L.P. grew its position in shares of Lowe’s Companies by 1.2% during the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after acquiring an additional 41 shares during the period. TruWealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 2.7% in the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after purchasing an additional 42 shares during the period. Cypress Wealth Services LLC lifted its stake in Lowe’s Companies by 2.0% in the third quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock valued at $551,000 after purchasing an additional 42 shares during the last quarter. Operose Advisors LLC grew its holdings in Lowe’s Companies by 1.4% during the second quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock valued at $739,000 after purchasing an additional 45 shares during the period. Finally, Watts Gwilliam & Co. LLC grew its holdings in Lowe’s Companies by 4.3% during the second quarter. Watts Gwilliam & Co. LLC now owns 1,094 shares of the home improvement retailer’s stock valued at $243,000 after purchasing an additional 45 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several research reports. Wolfe Research lowered their target price on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lowe’s Companies in a report on Monday. DA Davidson dropped their price objective on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Bank of America lowered their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.80.

Lowe’s Companies Stock Down 0.8%

LOW stock opened at $241.17 on Friday. The stock has a 50-day simple moving average of $239.75 and a two-hundred day simple moving average of $240.95. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $274.98. The firm has a market capitalization of $135.28 billion, a PE ratio of 20.00, a PEG ratio of 4.00 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. Lowe’s Companies’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $2.89 earnings per share. On average, equities research 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, February 4th. Investors of record on Wednesday, January 21st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.