Southeast Asset Advisors LLC Takes $257,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Southeast Asset Advisors LLC purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,042 shares of the home improvement retailer’s stock, valued at approximately $257,000.

A number of other hedge funds have also recently added to or reduced their stakes in LOW. Canopy Partners LLC raised its holdings in Lowe’s Companies by 4.2% during the fourth quarter. Canopy Partners LLC now owns 2,822 shares of the home improvement retailer’s stock worth $696,000 after buying an additional 115 shares during the last quarter. Polymer Capital Management US LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth about $517,000. Trek Financial LLC bought a new position in Lowe’s Companies in the 4th quarter valued at about $882,000. FMR LLC increased its holdings in Lowe’s Companies by 1.0% during the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock worth $6,483,558,000 after purchasing an additional 259,766 shares in the last quarter. Finally, Titleist Asset Management LLC raised its stake in shares of Lowe’s Companies by 12.3% in the fourth quarter. Titleist Asset Management LLC now owns 1,011 shares of the home improvement retailer’s stock worth $249,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on LOW. Truist Financial dropped their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada lowered their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given 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 $280.35.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $223.05 on Monday. The stock has a market cap of $124.84 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The stock has a 50 day moving average price of $242.39 and a 200-day moving average price of $256.46. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

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

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

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.