Lowe’s Companies, Inc. $LOW Shares Bought by Strategic Planning Group LLC

Strategic Planning Group LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 37.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,461 shares of the home improvement retailer’s stock after purchasing an additional 5,294 shares during the quarter. Strategic Planning Group LLC’s holdings in Lowe’s Companies were worth $4,891,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Lowe’s Companies during the second quarter worth $1,773,624,000. Tableaux LLC purchased a new stake in Lowe’s Companies during the 2nd quarter worth about $282,884,000. Laurel Wealth Advisors LLC raised its position in Lowe’s Companies by 22,167.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after purchasing an additional 1,027,683 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of Lowe’s Companies by 243.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after buying an additional 791,526 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Lowe’s Companies by 101.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock valued at $312,866,000 after buying an additional 626,829 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $247.16 on Thursday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $274.98. The stock has a market cap of $138.64 billion, a P/E ratio of 20.49, a P/E/G ratio of 4.09 and a beta of 0.96. The firm has a fifty day moving average price of $240.07 and a 200 day moving average price of $242.10.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period in the prior year, the company earned $2.89 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Evercore ISI reaffirmed a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. UBS Group dropped their price objective on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Telsey Advisory Group lowered their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group lifted their price target on Lowe’s Companies from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.52.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.