Financial Strategies Group Inc. Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Financial Strategies Group Inc. increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,387 shares of the home improvement retailer’s stock after buying an additional 2,646 shares during the quarter. Lowe’s Companies comprises about 0.9% of Financial Strategies Group Inc.’s holdings, making the stock its 29th largest position. Financial Strategies Group Inc.’s holdings in Lowe’s Companies were worth $3,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $26,000. VisionPoint Advisory Group LLC boosted its holdings in Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Lowe’s Companies in the 4th quarter valued at approximately $35,000. Itau Unibanco Holding S.A. purchased a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $40,000. Finally, True Wealth Design LLC purchased a new stake in Lowe’s Companies in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of analyst reports. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Piper Sandler lifted their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Wells Fargo & Company lifted their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada lifted their price target on shares of 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. Fifteen investment 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 price target of $252.52.

Lowe’s Companies Price Performance

Shares of NYSE LOW traded down $1.70 during mid-day trading on Tuesday, hitting $228.31. The company had a trading volume of 2,200,935 shares, compared to its average volume of 2,567,834. The stock has a market cap of $130.63 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.72 and a beta of 1.13. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The firm’s 50 day simple moving average is $238.95 and its two-hundred day simple moving average is $218.17.

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 for the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the business posted $2.28 EPS. The business’s revenue was down 17.1% on a year-over-year basis. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors 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 1.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 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.