Bogart Wealth LLC Buys 73 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bogart Wealth LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,676 shares of the home improvement retailer’s stock after acquiring an additional 73 shares during the quarter. Bogart Wealth LLC’s holdings in Lowe’s Companies were worth $373,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in shares of Lowe’s Companies by 0.7% during the 3rd quarter. Mackenzie Financial Corp now owns 104,649 shares of the home improvement retailer’s stock worth $20,947,000 after buying an additional 770 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Lowe’s Companies by 5.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,575 shares of the home improvement retailer’s stock valued at $36,919,000 after purchasing an additional 9,625 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Lowe’s Companies by 7.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,582 shares of the home improvement retailer’s stock valued at $537,000 after purchasing an additional 177 shares during the last quarter. Park Avenue Securities LLC increased its position in Lowe’s Companies by 1.0% during the 3rd quarter. Park Avenue Securities LLC now owns 12,207 shares of the home improvement retailer’s stock worth $2,537,000 after purchasing an additional 118 shares in the last quarter. Finally, Rockland Trust Co. lifted its stake in Lowe’s Companies by 7.3% in the 3rd quarter. Rockland Trust Co. now owns 5,192 shares of the home improvement retailer’s stock valued at $1,079,000 after purchasing an additional 351 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Truist Financial upped their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group increased their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Gordon Haskett reissued a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $252.67.

Lowe’s Companies Trading Up 0.3 %

Shares of LOW traded up $0.61 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 stock has a market capitalization of $132.79 billion, a PE ratio of 17.63, a PEG ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a fifty day moving average of $240.00 and a 200-day moving average of $221.68.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.28 earnings per share. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Lowe’s Companies 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.