Raymond James Financial Services Advisors Inc. Has $116.23 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Raymond James Financial Services Advisors Inc. increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 456,287 shares of the home improvement retailer's stock after purchasing an additional 5,411 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.08% of Lowe's Companies worth $116,230,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Lowe's Companies during the 4th quarter worth approximately $25,000. Tidemark LLC bought a new position in shares of Lowe's Companies during the fourth quarter valued at $27,000. Voisard Asset Management Group Inc. bought a new position in shares of Lowe's Companies during the fourth quarter valued at $28,000. Orion Capital Management LLC acquired a new stake in shares of Lowe's Companies in the 3rd quarter valued at $26,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Lowe's Companies in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on LOW. Robert W. Baird raised shares of Lowe's Companies from an "average" rating to an "outperform" rating and set a $250.00 price objective on the stock in a research note on Wednesday, February 14th. Oppenheimer reissued a "market perform" rating and set a $230.00 price target on shares of Lowe's Companies in a research report on Monday, March 4th. Truist Financial boosted their price objective on Lowe's Companies from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. Citigroup upped their target price on shares of Lowe's Companies from $199.00 to $236.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 21st. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $230.00 price target on shares of Lowe's Companies in a research note on Wednesday, March 27th. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $252.52.

Lowe's Companies Price Performance

LOW stock traded down $0.55 during trading on Wednesday, reaching $227.44. 1,713,904 shares of the company were exchanged, compared to its average volume of 2,485,454. The company has a 50-day moving average of $240.10 and a two-hundred day moving average of $220.45. The company has a market capitalization of $130.14 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.71 and a beta of 1.13. Lowe's Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

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

Lowe's Companies Announces Dividend

The firm 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 $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.93%. Lowe's Companies's dividend payout ratio (DPR) is presently 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.

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