Xponance Inc. Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Xponance Inc. increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 122,809 shares of the home improvement retailer’s stock after purchasing an additional 1,280 shares during the period. Xponance Inc.’s holdings in Lowe’s Companies were worth $27,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of 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 during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $42,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup boosted their price target 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. The Goldman Sachs Group boosted their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Mizuho assumed coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Oppenheimer restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research report on Monday, March 4th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Trading Down 0.0 %

Shares of Lowe’s Companies stock traded down $0.07 during trading hours on Thursday, reaching $228.79. 1,989,521 shares of the company’s stock were exchanged, compared to its average volume of 2,543,904. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The firm has a market capitalization of $130.91 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a fifty day moving average of $239.29 and a 200-day moving average of $218.38.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates 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 for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.28 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.92%. Lowe’s Companies’s payout ratio is 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.