Main Street Financial Solutions LLC Has $1.99 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Main Street Financial Solutions LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% in the 2nd quarter, Holdings Channel reports. The firm owned 9,025 shares of the home improvement retailer’s stock after buying an additional 329 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Lowe’s Companies were worth $1,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LOW. Tidemark LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies during the 4th quarter worth $28,000. Transcendent Capital Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth about $31,000. Stephens Consulting LLC increased its holdings in shares of Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the period. Finally, Keener Financial Planning LLC bought a new position in shares of Lowe’s Companies during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $247.38 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The company’s fifty day moving average is $238.51 and its 200-day moving average is $234.49. The stock has a market cap of $140.97 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 2.00 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 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 business had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same period last year, the business posted $4.56 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.93 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 paid a $1.15 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, October 23rd. Lowe’s Companies’s payout ratio is presently 36.95%.

Analysts Set New Price Targets

LOW has been the topic of several research reports. DA Davidson dropped their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Gordon Haskett lowered their target price on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered their target price on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Wednesday, August 21st. Finally, Bank of America dropped their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $252.83.

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.