Kathmere Capital Management LLC Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Kathmere Capital Management LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,916 shares of the home improvement retailer’s stock after acquiring an additional 120 shares during the quarter. Kathmere Capital Management LLC’s holdings in Lowe’s Companies were worth $997,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LOW. Winslow Capital Management LLC purchased a new stake in Lowe’s Companies during the second quarter valued at approximately $418,413,000. Amundi purchased a new stake in Lowe’s Companies during the second quarter valued at approximately $395,458,000. First Trust Advisors LP lifted its position in Lowe’s Companies by 777.5% during the second quarter. First Trust Advisors LP now owns 1,328,409 shares of the home improvement retailer’s stock valued at $257,671,000 after acquiring an additional 1,177,029 shares during the last quarter. Renaissance Technologies LLC lifted its position in Lowe’s Companies by 837.8% during the second quarter. Renaissance Technologies LLC now owns 916,200 shares of the home improvement retailer’s stock valued at $177,715,000 after acquiring an additional 818,500 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Lowe’s Companies by 48.0% during the first quarter. Schroder Investment Management Group now owns 2,274,496 shares of the home improvement retailer’s stock valued at $432,562,000 after acquiring an additional 737,839 shares during the last quarter. 74.07% of the stock is owned by institutional investors.

LOW stock traded up $0.72 during midday trading on Thursday, hitting $252.63. 1,952,637 shares of the stock traded hands, compared to its average volume of 3,732,437. The firm has a market cap of $174.93 billion, a P/E ratio of 21.95, a PEG ratio of 1.44 and a beta of 1.32. The company has a debt-to-equity ratio of 49.23, a current ratio of 1.19 and a quick ratio of 0.39. The stock’s fifty day simple moving average is $223.69 and its 200-day simple moving average is $205.52. Lowe’s Companies, Inc. has a 1-year low of $149.31 and a 1-year high of $256.39.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 17th. The home improvement retailer reported $2.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.35 by $0.38. The company had revenue of $22.92 billion for the quarter, compared to analyst estimates of $22.06 billion. Lowe’s Companies had a net margin of 8.63% and a return on equity of 25,100.30%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.98 earnings per share. On average, research analysts predict that Lowe’s Companies, Inc. will post 11.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 2nd. Shareholders of record on Wednesday, January 19th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, January 18th. Lowe’s Companies’s payout ratio is 27.80%.

A number of equities research analysts recently commented on the stock. DA Davidson reissued a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, August 19th. Truist raised their price target on shares of Lowe’s Companies from $217.00 to $284.00 and gave the stock a “buy” rating in a report on Thursday, November 18th. Barclays raised their price target on shares of Lowe’s Companies from $215.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, November 18th. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $230.00 to $260.00 and gave the stock an “overweight” rating in a report on Monday, November 8th. Finally, Loop Capital raised their price target on shares of Lowe’s Companies from $220.00 to $240.00 and gave the stock a “hold” rating in a report on Thursday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $247.00.

About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

Read More: Net Asset Value

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

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