Sequoia Financial Advisors LLC Buys 16,630 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Sequoia Financial Advisors LLC raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 130.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,400 shares of the home improvement retailer's stock after purchasing an additional 16,630 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Lowe's Companies were worth $6,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Orion Capital Management LLC purchased a new stake in Lowe's Companies during the third quarter worth about $26,000. VisionPoint Advisory Group LLC increased its stake in shares of Lowe's Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer's stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Lowe's Companies during the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. bought a new stake in shares of Lowe's Companies in the 3rd quarter worth approximately $40,000. Finally, True Wealth Design LLC purchased a new position in Lowe's Companies in the fourth quarter valued at approximately $42,000. Institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LOW shares. Evercore ISI raised their target price on Lowe's Companies from $250.00 to $270.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. Wedbush boosted their price objective on Lowe's Companies from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Piper Sandler upped their price objective on shares of Lowe's Companies from $218.00 to $245.00 and gave the company an "overweight" rating in a report on Tuesday, January 16th. Stifel Nicolaus reduced their target price on shares of Lowe's Companies from $240.00 to $225.00 and set a "hold" rating for the company in a research note on Friday, February 16th. Finally, Wells Fargo & Company boosted their price target on shares of Lowe's Companies from $235.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has an average rating of "Hold" and a consensus price target of $252.33.

Lowe's Companies Stock Performance

Lowe's Companies stock traded down $1.81 during mid-day trading on Thursday, hitting $235.35. 2,494,603 shares of the company traded hands, compared to its average volume of 2,588,617. Lowe's Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The stock has a market cap of $134.66 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13. The stock has a fifty day moving average price of $238.46 and a 200-day moving average price of $217.73.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe's Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm's revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 EPS. Sell-side analysts predict that Lowe's Companies, Inc. will post 12.21 EPS for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.87%. Lowe's Companies's dividend payout ratio is 33.43%.

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.