North Star Asset Management Inc. Buys 101 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

North Star Asset Management Inc. lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 95,507 shares of the home improvement retailer’s stock after buying an additional 101 shares during the quarter. North Star Asset Management Inc.’s holdings in Lowe’s Companies were worth $21,055,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. 9258 Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 24.8% in the fourth quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock worth $531,000 after purchasing an additional 474 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in Lowe’s Companies by 10.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock valued at $315,000 after purchasing an additional 138 shares in the last quarter. Principal Securities Inc. bought a new position in Lowe’s Companies during the fourth quarter valued at $1,619,000. Berger Financial Group Inc lifted its position in Lowe’s Companies by 6.3% during the fourth quarter. Berger Financial Group Inc now owns 1,080 shares of the home improvement retailer’s stock valued at $240,000 after purchasing an additional 64 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of Lowe’s Companies by 0.9% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 62,979 shares of the home improvement retailer’s stock worth $14,016,000 after buying an additional 555 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 0.1 %

Shares of NYSE LOW opened at $243.78 on Friday. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The stock’s fifty day simple moving average is $236.53 and its two-hundred day simple moving average is $234.09. The stock has a market capitalization of $138.91 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter in the previous year, the firm earned $4.56 earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.94 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.89%. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

Analysts Set New Price Targets

Several research analysts recently commented on LOW shares. Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Tuesday, August 20th. DA Davidson decreased their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Finally, Truist Financial increased their target price on shares of Lowe’s Companies from $265.00 to $269.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $252.83.

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.