180 Wealth Advisors LLC Has $636,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

180 Wealth Advisors LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,497 shares of the home improvement retailer’s stock after selling 59 shares during the period. 180 Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Management Group Inc. increased its position in Lowe’s Companies by 4.0% in the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after purchasing an additional 46 shares during the last quarter. First Command Advisory Services Inc. lifted its position in shares of Lowe’s Companies by 1.9% during the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after buying an additional 48 shares during the last quarter. Jag Capital Management LLC increased its holdings in shares of Lowe’s Companies by 0.3% during the fourth quarter. Jag Capital Management LLC now owns 15,772 shares of the home improvement retailer’s stock valued at $3,510,000 after acquiring an additional 48 shares in the last quarter. Hamilton Capital LLC increased its holdings in Lowe’s Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock worth $507,000 after buying an additional 49 shares during the period. Finally, Abundance Wealth Counselors increased its holdings in Lowe’s Companies by 0.8% in the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock worth $1,485,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock traded up $1.07 during mid-day trading on Thursday, reaching $219.85. The company’s stock had a trading volume of 2,654,196 shares, compared to its average volume of 2,472,512. The company has a market capitalization of $125.28 billion, a P/E ratio of 17.61, a PEG ratio of 1.66 and a beta of 1.08. The firm’s fifty day moving average price is $225.69 and its two-hundred day moving average price is $228.22. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The business had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the prior year, the company earned $3.67 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. On average, research analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Lowe’s Companies’s dividend payout ratio is currently 35.34%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Tuesday, May 21st. UBS Group lifted their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Gordon Haskett restated a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Finally, Zelman & Associates reiterated a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $251.33.

Lowe’s Companies Company 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.