DeDora Capital Inc. Has $432,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

DeDora Capital Inc. lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,942 shares of the home improvement retailer’s stock after buying an additional 77 shares during the quarter. DeDora Capital Inc.’s holdings in Lowe’s Companies were worth $432,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies in the third quarter worth $26,000. VisionPoint Advisory Group LLC increased its position 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 during the period. Sanctuary Wealth Management L.L.C. bought a new position in shares of Lowe’s Companies in the fourth quarter worth $35,000. Itau Unibanco Holding S.A. bought a new position in shares of Lowe’s Companies in the third quarter worth $40,000. Finally, True Wealth Design LLC bought a new position in Lowe’s Companies in the fourth quarter valued at about $42,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Wells Fargo & Company lifted their target price on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Barclays lifted their target price on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target on the stock in a report on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their price target on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $251.60.

Lowe’s Companies Trading Up 0.6 %

Lowe’s Companies stock traded up $1.40 during trading on Thursday, hitting $254.73. 2,621,825 shares of the company were exchanged, compared to its average volume of 2,604,700. The business’s 50 day moving average is $232.18 and its 200 day moving average is $215.99. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The company has a market capitalization of $145.75 billion, a P/E ratio of 19.36, a PEG ratio of 1.86 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. Lowe’s Companies’s revenue was down 17.1% compared to the same quarter last year. Equities analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

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

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.