Quadcap Wealth Management LLC Has $2.31 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Quadcap Wealth Management LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,340 shares of the home improvement retailer’s stock after purchasing an additional 1,938 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Lowe’s Companies were worth $2,305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. Norges Bank acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $1,842,954,000. Kovitz Investment Group Partners LLC increased its position in shares of Lowe’s Companies by 350.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock valued at $585,770,000 after acquiring an additional 1,846,315 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $314,435,000. Strategic Financial Concepts LLC increased its position in shares of Lowe’s Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after acquiring an additional 1,223,116 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Lowe’s Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after purchasing an additional 993,833 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.2%

Shares of Lowe’s Companies stock opened at $228.11 on Thursday. The business has a 50-day moving average price of $224.50 and a two-hundred day moving average price of $246.38. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The company has a market cap of $127.67 billion, a P/E ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.02%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup reiterated a “neutral” rating and set a $253.00 price target (down previously from $269.00) on shares of Lowe’s Companies in a report on Wednesday. Royal Bank of Canada reduced their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Morgan Stanley reduced their price objective on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price target on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.00.

Lowe’s Companies Company 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.