Powers Advisory Group LLC Has $369,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Powers Advisory Group LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,450 shares of the home improvement retailer’s stock after purchasing an additional 236 shares during the period. Powers Advisory Group LLC’s holdings in Lowe’s Companies were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Spinnaker Investment Group LLC acquired a new position in shares of Lowe’s Companies in the first quarter worth approximately $227,000. First Trust Direct Indexing L.P. lifted its position in shares of Lowe’s Companies by 11.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 15,580 shares of the home improvement retailer’s stock worth $3,969,000 after purchasing an additional 1,641 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Lowe’s Companies by 2.0% in the 1st quarter. Cornerstone Wealth Management LLC now owns 21,069 shares of the home improvement retailer’s stock worth $5,367,000 after purchasing an additional 403 shares during the period. Norden Group LLC boosted its stake in shares of Lowe’s Companies by 2,219.9% in the 1st quarter. Norden Group LLC now owns 95,115 shares of the home improvement retailer’s stock valued at $24,228,000 after purchasing an additional 91,015 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC acquired a new stake in shares of Lowe’s Companies during the first quarter worth $257,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th. Mizuho assumed coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They set a “buy” rating and a $280.00 target price on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Tuesday, May 21st. Citigroup cut their price target on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Finally, 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. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $250.41.

Lowe’s Companies Trading Down 0.2 %

Shares of Lowe’s Companies stock traded down $0.40 on Thursday, reaching $213.30. The stock had a trading volume of 1,423,518 shares, compared to its average volume of 2,828,350. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The company has a market cap of $121.55 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The business’s 50 day moving average is $224.22 and its two-hundred day moving average is $228.21.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the company posted $3.67 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.

About Lowe’s Companies

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.