Atlantic Edge Private Wealth Management LLC Boosts Holdings in Lowe’s Companies, Inc. $LOW

Atlantic Edge Private Wealth Management LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.0% in the third quarter, Holdings Channel reports. The institutional investor owned 11,814 shares of the home improvement retailer’s stock after buying an additional 1,885 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Lowe’s Companies were worth $2,969,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Lowe’s Companies by 25.0% during the first quarter. Jones Financial Companies Lllp now owns 394,008 shares of the home improvement retailer’s stock worth $90,450,000 after acquiring an additional 78,695 shares during the period. Modern Wealth Management LLC raised its position in Lowe’s Companies by 13.2% in the first quarter. Modern Wealth Management LLC now owns 3,047 shares of the home improvement retailer’s stock worth $711,000 after acquiring an additional 355 shares in the last quarter. Finally, Invst LLC lifted its holdings in Lowe’s Companies by 186.4% in the first quarter. Invst LLC now owns 2,672 shares of the home improvement retailer’s stock valued at $623,000 after acquiring an additional 1,739 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 4.4%

Shares of LOW opened at $267.38 on Friday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $274.98. The stock has a market cap of $149.99 billion, a P/E ratio of 22.17, a PEG ratio of 4.43 and a beta of 0.96. The company has a 50-day moving average of $240.98 and a two-hundred day moving average of $242.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period last year, the company posted $2.89 EPS. The company’s revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 annualized dividend and a yield of 1.8%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LOW shares. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price objective on the stock in a report on Wednesday. UBS Group dropped their target price on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a report on Thursday, November 20th. DA Davidson reduced their price target on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, HSBC decreased their price target on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $277.52.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.