1,378 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Bought by Hoxton Planning & Management LLC

Hoxton Planning & Management LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,378 shares of the home improvement retailer’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in Lowe’s Companies by 1.2% during the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock valued at $29,223,000 after buying an additional 1,470 shares during the period. Aptus Capital Advisors LLC boosted its position in Lowe’s Companies by 14.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer’s stock valued at $26,236,000 after buying an additional 13,092 shares during the period. World Investment Advisors boosted its position in Lowe’s Companies by 11.0% during the fourth quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer’s stock valued at $6,498,000 after buying an additional 2,615 shares during the period. Larson Financial Group LLC boosted its position in Lowe’s Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after buying an additional 1,242 shares during the period. Finally, Northern Trust Corp boosted its position 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 valued at $1,745,960,000 after buying an additional 993,833 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president owned 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW opened at $223.55 on Friday. The stock has a market cap of $125.28 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.15 and a beta of 0.90. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The firm’s 50-day simple moving average is $222.93 and its two-hundred day simple moving average is $231.92.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion for the quarter, compared to analysts’ expectations of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.06 earnings per share. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio is currently 39.77%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. KeyCorp raised shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price objective for the company in a research note on Friday, April 25th. Citigroup lowered their price objective on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research note on Thursday. Mizuho reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Lowe’s Companies in a research note on Friday, June 13th. Finally, Morgan Stanley lowered their price objective on shares of Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.68.

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.