BKD Wealth Advisors LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,668 shares of the home improvement retailer’s stock after purchasing an additional 179 shares during the period. BKD Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $672,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its position in shares of Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after purchasing an additional 5 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of Lowe’s Companies in the 1st quarter worth about $103,000. State of Alaska Department of Revenue purchased a new stake in shares of Lowe’s Companies in the 1st quarter worth about $109,000. Hanson McClain Inc. lifted its position in shares of Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after purchasing an additional 45 shares during the period. Finally, First Bank & Trust lifted its position in shares of Lowe’s Companies by 11.5% in the 1st quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 147 shares during the period. 74.32% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on LOW. Wolfe Research reaffirmed an “outperform” rating and issued a $94.00 target price (down from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $69.00 price target on shares of Lowe’s Companies in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird set a $87.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.00.
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Shares of Lowe’s Companies, Inc. (NYSE LOW) traded down 0.08% during mid-day trading on Friday, hitting $78.40. 3,168,190 shares of the stock were exchanged. The stock’s 50 day moving average is $76.18 and its 200-day moving average is $79.60. The stock has a market cap of $65.29 billion, a PE ratio of 22.26 and a beta of 1.07. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same quarter last year, the company earned $1.37 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. On average, analysts anticipate that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.09%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.
Lowe’s Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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