GoalVest Advisory LLC Purchases 222 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

GoalVest Advisory LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 63.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 573 shares of the home improvement retailer’s stock after buying an additional 222 shares during the quarter. GoalVest Advisory LLC’s holdings in Lowe’s Companies were worth $146,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wetzel Investment Advisors Inc. bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies in the third quarter valued at approximately $26,000. Tidemark LLC bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $28,000. Finally, Transcendent Capital Group LLC bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $31,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on LOW shares. Zelman & Associates restated a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Stifel Nicolaus raised their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Finally, Truist Financial cut their price objective on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $251.33.

Lowe’s Companies Stock Up 0.5 %

Shares of LOW stock opened at $219.85 on Friday. The firm has a market capitalization of $125.28 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.68 and a beta of 1.08. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock’s fifty day simple moving average is $225.69 and its 200 day simple moving average is $228.22.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The business had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.67 EPS. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s payout ratio is presently 35.34%.

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.