Lowe's Companies, Inc. (NYSE:LOW) Holdings Lifted by KG&L Capital Management LLC

KG&L Capital Management LLC lifted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,382 shares of the home improvement retailer's stock after buying an additional 1,254 shares during the period. KG&L Capital Management LLC's holdings in Lowe's Companies were worth $1,955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LOW. Brighton Jones LLC boosted its position in shares of Lowe's Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Lowe's Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after buying an additional 259 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Lowe's Companies in the fourth quarter worth about $353,000. Delta Financial Advisors LLC lifted its stake in shares of Lowe's Companies by 0.4% in the fourth quarter. Delta Financial Advisors LLC now owns 13,202 shares of the home improvement retailer's stock worth $3,258,000 after acquiring an additional 59 shares in the last quarter. Finally, FFT Wealth Management LLC lifted its stake in shares of Lowe's Companies by 3.1% in the fourth quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer's stock worth $340,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LOW. DA Davidson cut their price target on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a research note on Friday, April 25th. Royal Bank Of Canada cut their price target on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. Citigroup reiterated a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, May 21st. One investment 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Stock Up 1.1%

NYSE LOW traded up $2.43 during trading hours on Friday, hitting $223.66. The company had a trading volume of 3,227,400 shares, compared to its average volume of 2,490,121. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The business has a fifty day simple moving average of $223.18 and a 200-day simple moving average of $235.85. The firm has a market cap of $125.35 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92.

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 firm had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company earned $3.06 earnings per share. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 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, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is 38.11%.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president now directly owns 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

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.