Free Trial

Biltmore Family Office LLC Boosts Stake in Lowe's Companies, Inc. (NYSE:LOW)

Lowe's Companies logo with Retail/Wholesale background

Key Points

  • Biltmore Family Office LLC increased its stake in Lowe's Companies by 102.5% during the first quarter, owning 3,358 shares worth $783,000.
  • Analysts have mixed ratings for Lowe's stock, with target prices ranging from $240.00 to $300.00, leading to a consensus rating of "Moderate Buy" and an average target price of $270.68.
  • Lowe's recently announced a quarterly dividend increase to $1.20 per share, reflecting a 2.0% dividend yield, and a payout ratio of 39.77%.
  • Want stock alerts on Lowe's Companies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Biltmore Family Office LLC grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 102.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,358 shares of the home improvement retailer's stock after buying an additional 1,700 shares during the period. Biltmore Family Office LLC's holdings in Lowe's Companies were worth $783,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Gen Wealth Partners Inc increased its holdings in shares of Lowe's Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after buying an additional 40 shares during the period. Second Line Capital LLC boosted its position in Lowe's Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after acquiring an additional 44 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in Lowe's Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after acquiring an additional 47 shares in the last quarter. Fielder Capital Group LLC boosted its position in Lowe's Companies by 5.9% during the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after acquiring an additional 48 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC boosted its position in Lowe's Companies by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock valued at $1,066,000 after acquiring an additional 49 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded down $1.11 during midday trading on Monday, hitting $240.04. The company had a trading volume of 2,602,458 shares, compared to its average volume of 2,697,837. The company has a market cap of $134.53 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.28 and a beta of 0.89. The company has a fifty day moving average of $224.68 and a two-hundred day moving average of $230.41. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. Lowe's Companies's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.06 EPS. Research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were issued a dividend of $1.20 per share. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe's Companies's payout ratio is currently 39.77%.

Insider Activity at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the transaction, the executive vice president owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Robert W. Baird cut their price objective on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research report on Tuesday, July 22nd. Wells Fargo & Company dropped their price target on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Sanford C. Bernstein set a $266.00 price target on Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, DA Davidson dropped their price target on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $270.68.

View Our Latest Research Report on LOW

Lowe's Companies Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

Should You Invest $1,000 in Lowe's Companies Right Now?

Before you consider Lowe's Companies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lowe's Companies wasn't on the list.

While Lowe's Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines