RFG Advisory LLC Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

RFG Advisory LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,015 shares of the home improvement retailer’s stock after acquiring an additional 703 shares during the period. RFG Advisory LLC’s holdings in Lowe’s Companies were worth $2,428,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Paragon Private Wealth Management LLC grew its stake in shares of Lowe’s Companies by 13.5% in the 4th quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after buying an additional 581 shares in the last quarter. ING Groep NV grew its stake in shares of Lowe’s Companies by 18,786.5% in the 4th quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock worth $23,748,000 after buying an additional 106,144 shares in the last quarter. Clifford Swan Investment Counsel LLC grew its stake in shares of Lowe’s Companies by 0.3% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after buying an additional 541 shares in the last quarter. Brevan Howard Capital Management LP grew its stake in shares of Lowe’s Companies by 824.6% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock worth $3,414,000 after buying an additional 13,680 shares in the last quarter. Finally, Bamco Inc. NY grew its stake in shares of Lowe’s Companies by 10.3% in the 1st quarter. Bamco Inc. NY now owns 216,958 shares of the home improvement retailer’s stock worth $55,266,000 after buying an additional 20,181 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOW has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $268.00 to $272.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Evercore ISI cut their price objective on shares of Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Citigroup dropped their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Telsey Advisory Group reissued 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. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $250.19.

Lowe’s Companies Trading Down 2.0 %

NYSE:LOW traded down $4.82 during trading hours on Monday, reaching $231.01. 1,576,236 shares of the company were exchanged, compared to its average volume of 2,526,221. The stock’s 50-day moving average is $227.92 and its 200-day moving average is $231.01. The firm has a market cap of $131.64 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted 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. The company had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.67 earnings per share. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Wednesday, July 24th. Lowe’s Companies’s payout ratio is 36.95%.

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.