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

North Star Asset Management Inc. raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,507 shares of the home improvement retailer’s stock after purchasing 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 and hedge funds have also recently modified their holdings of LOW. 9258 Wealth Management LLC raised its position in shares of Lowe’s Companies by 24.8% in the 4th quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock worth $531,000 after acquiring an additional 474 shares in the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of Lowe’s Companies by 10.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock valued at $315,000 after buying an additional 138 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $1,619,000. Berger Financial Group Inc grew its position in shares of Lowe’s Companies by 6.3% in the 4th quarter. Berger Financial Group Inc now owns 1,080 shares of the home improvement retailer’s stock worth $240,000 after buying an additional 64 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake 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 acquiring an additional 555 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LOW shares. Evercore ISI upped their price objective on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a report on Wednesday, August 21st. Piper Sandler cut their price target on Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Stifel Nicolaus raised their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. reduced their price target on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.83.

Lowe’s Companies Stock Down 0.1 %

Lowe’s Companies stock opened at $243.78 on Friday. The company has a market cap of $138.91 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.04 and a beta of 1.07. The business has a 50-day simple moving average of $236.53 and a two-hundred day simple moving average of $234.09. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period in the prior year, the company posted $4.56 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.94 EPS 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. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a yield of 1.89%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 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.