KKM Financial LLC Purchases New Position in Lowe’s Companies, Inc. (NYSE:LOW)

KKM Financial LLC acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,558 shares of the home improvement retailer’s stock, valued at approximately $393,000.

A number of other hedge funds have also bought and sold shares of the business. Guardian Wealth Advisors LLC NC raised its stake in shares of Lowe’s Companies by 2.9% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 5,160 shares of the home improvement retailer’s stock valued at $1,274,000 after purchasing an additional 144 shares during the period. Gen Wealth Partners Inc grew its holdings in Lowe’s Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock valued at $534,000 after buying an additional 40 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Lowe’s Companies during the 4th quarter valued at about $5,306,000. Ground Swell Capital LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $278,000. Finally, Focus Partners Wealth lifted its holdings in shares of Lowe’s Companies by 7.0% in the fourth quarter. Focus Partners Wealth now owns 263,811 shares of the home improvement retailer’s stock worth $65,429,000 after buying an additional 17,329 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOW has been the topic of a number of analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price objective on the stock in a research report on Friday, April 25th. Truist Financial reduced their target price on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Mizuho lowered their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $278.04.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $222.17 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a market capitalization of $124.35 billion, a P/E ratio of 18.53, a PEG ratio of 1.96 and a beta of 1.00. The stock has a 50 day moving average price of $225.26 and a two-hundred day moving average price of $247.03.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

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.