926 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 926 shares of the home improvement retailer’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new position in Lowe’s Companies during the 4th quarter worth approximately $25,000. Tidemark LLC bought a new position in Lowe’s Companies during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. bought a new position in Lowe’s Companies during the 4th quarter worth approximately $28,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the 3rd quarter worth approximately $26,000. Finally, Transcendent Capital Group LLC bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $31,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock traded up $0.66 on Friday, hitting $220.46. The company’s stock had a trading volume of 12,630,451 shares, compared to its average volume of 2,428,194. The stock’s 50 day moving average is $225.32 and its 200-day moving average is $228.40. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The company has a market capitalization of $125.63 billion, a PE ratio of 17.71, a PEG ratio of 1.68 and a beta of 1.08.

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

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Monday, March 4th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $246.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has an average rating of “Hold” and an average price target of $251.33.

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.