8,443 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Everpar Advisors LLC

Everpar Advisors LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,443 shares of the home improvement retailer’s stock, valued at approximately $1,879,000. Lowe’s Companies comprises 0.9% of Everpar Advisors LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ontario Teachers Pension Plan Board boosted its position in Lowe’s Companies by 187,225.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock worth $438,783,000 after purchasing an additional 2,110,032 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at approximately $430,090,000. Schroder Investment Management Group increased its holdings in Lowe’s Companies by 189.5% during the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after buying an additional 1,831,727 shares during the last quarter. Aristotle Capital Management LLC raised its position in Lowe’s Companies by 143.8% in the third quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock worth $283,019,000 after acquiring an additional 803,216 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter worth $144,530,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock traded up $0.61 during midday trading on Wednesday, reaching $232.07. The company’s stock had a trading volume of 1,674,512 shares, compared to its average volume of 2,444,876. The firm has a market capitalization of $132.79 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The stock has a fifty day simple moving average of $240.00 and a two-hundred day simple moving average of $221.68.

Lowe’s Companies (NYSE:LOW) last announced its quarterly 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. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe’s Companies’s quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.28 earnings per share. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.90%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LOW. Zelman & Associates restated a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a report on Wednesday, February 14th. Stifel Nicolaus dropped their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Finally, Morgan Stanley raised their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $252.67.

About Lowe’s Companies

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.