Hixon Zuercher LLC Buys 1,390 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Hixon Zuercher LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,964 shares of the home improvement retailer’s stock after buying an additional 1,390 shares during the period. Lowe’s Companies comprises 3.1% of Hixon Zuercher LLC’s investment portfolio, making the stock its 10th largest holding. Hixon Zuercher LLC’s holdings in Lowe’s Companies were worth $6,668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hamilton Capital LLC grew its holdings in shares of Lowe’s Companies by 2.1% during the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock worth $507,000 after purchasing an additional 49 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Lowe’s Companies by 6.0% in the second quarter. Farther Finance Advisors LLC now owns 884 shares of the home improvement retailer’s stock valued at $200,000 after acquiring an additional 50 shares during the last quarter. Strategy Asset Managers LLC boosted its holdings in Lowe’s Companies by 3.4% in the second quarter. Strategy Asset Managers LLC now owns 1,553 shares of the home improvement retailer’s stock valued at $351,000 after acquiring an additional 51 shares during the last quarter. Aprio Wealth Management LLC boosted its holdings in Lowe’s Companies by 4.3% in the third quarter. Aprio Wealth Management LLC now owns 1,244 shares of the home improvement retailer’s stock valued at $259,000 after acquiring an additional 51 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in Lowe’s Companies by 2.8% in the first quarter. Mather Group LLC. now owns 1,939 shares of the home improvement retailer’s stock valued at $392,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 71.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Morgan Stanley raised their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Stifel Nicolaus decreased their price target on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Citigroup raised their price target on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, February 21st. Finally, StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $248.12.

View Our Latest Research Report on Lowe’s Companies

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $258.50 on Friday. The business’s 50 day simple moving average is $230.15 and its 200 day simple moving average is $215.64. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The firm has a market cap of $148.66 billion, a PE ratio of 19.64, a P/E/G ratio of 1.91 and a beta of 1.13.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter last year, the firm earned $2.28 EPS. Lowe’s Companies’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.70%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Lowe’s Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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