Regent Peak Wealth Advisors LLC Acquires New Holdings in Lowe’s Companies, Inc. $LOW

by · The Cerbat Gem

Regent Peak Wealth Advisors LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,354 shares of the home improvement retailer’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. Howard Hughes Medical Institute bought a new position in Lowe’s Companies during the second quarter valued at about $27,000. Solstein Capital LLC raised its stake in shares of Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares in the last quarter. Traub Capital Management LLC acquired a new stake in Lowe’s Companies in the 2nd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its position in Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares during the period. Finally, Olistico Wealth LLC acquired a new position in Lowe’s Companies during the second quarter valued at approximately $33,000. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LOW. Jefferies Financial Group boosted their price objective on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Argus cut their target price on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Sanford C. Bernstein raised their price target on Lowe’s Companies from $282.00 to $284.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. DA Davidson decreased their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Finally, Wells Fargo & Company dropped their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Seventeen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $276.80.

Check Out Our Latest Stock Analysis on LOW

Lowe’s Companies Stock Performance

NYSE:LOW opened at $242.75 on Friday. The company has a 50-day moving average of $239.88 and a 200-day moving average of $240.23. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $274.98. The company has a market capitalization of $136.17 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 4.03 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, topping 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 firm had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter last year, the company earned $2.89 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

About Lowe’s Companies

(Free Report)

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.

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