Lowe's Companies, Inc. (NYSE:LOW) Stake Raised by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 88.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,691 shares of the home improvement retailer's stock after buying an additional 11,131 shares during the quarter. Lowe's Companies makes up about 1.9% of S.E.E.D. Planning Group LLC's investment portfolio, making the stock its 23rd largest holding. S.E.E.D. Planning Group LLC's holdings in Lowe's Companies were worth $5,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Welch Group LLC grew its position in shares of Lowe's Companies by 11.5% during the first quarter. Welch Group LLC now owns 1,079 shares of the home improvement retailer's stock worth $246,000 after buying an additional 111 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Lowe's Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock worth $386,540,000 after buying an additional 1,651,170 shares in the last quarter. Quent Capital LLC grew its position in shares of Lowe's Companies by 1.7% during the first quarter. Quent Capital LLC now owns 4,942 shares of the home improvement retailer's stock worth $1,153,000 after buying an additional 81 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Lowe's Companies by 26.1% during the first quarter. Versant Capital Management Inc now owns 6,610 shares of the home improvement retailer's stock worth $1,542,000 after buying an additional 1,370 shares in the last quarter. Finally, Boston Common Asset Management LLC grew its position in shares of Lowe's Companies by 21.9% during the first quarter. Boston Common Asset Management LLC now owns 18,599 shares of the home improvement retailer's stock worth $4,338,000 after buying an additional 3,341 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Up 0.3%

LOW stock traded up $0.64 during trading on Friday, hitting $225.57. The company had a trading volume of 4,127,230 shares, compared to its average volume of 2,513,115. The firm has a market capitalization of $126.25 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.00. The business has a 50 day moving average of $224.20 and a 200 day moving average of $242.95. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data 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 business 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 8.19% and a negative return on equity of 47.55%. The company's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.06 earnings per share. As a group, equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.13%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio is presently 39.77%.

Analyst Ratings Changes

A number of analysts have recently weighed in on LOW shares. Truist Financial set a $264.00 price target on shares of Lowe's Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Citigroup reissued a "neutral" rating and set a $253.00 target price (down from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Robert W. Baird dropped their target price on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. KeyCorp raised shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price on the stock in a report on Friday, April 25th. Finally, DA Davidson dropped their target price on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies 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.