Elwood & Goetz Wealth Advisory Group LLC Acquires 73 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Elwood & Goetz Wealth Advisory Group LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,680 shares of the home improvement retailer’s stock after acquiring an additional 73 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Lowe’s Companies were worth $374,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth about $26,000. VisionPoint Advisory Group LLC boosted its holdings in shares of Lowe’s Companies by 85.4% during the third 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 period. Sanctuary Wealth Management L.L.C. purchased a new stake in Lowe’s Companies in the fourth quarter worth about $35,000. Itau Unibanco Holding S.A. purchased a new stake in Lowe’s Companies in the third quarter worth about $40,000. Finally, True Wealth Design LLC purchased a new stake in Lowe’s Companies in the fourth quarter worth about $42,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of several research analyst reports. Morgan Stanley raised their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research note on Wednesday. Truist Financial raised their target price on shares of Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target on the stock in a research note on Wednesday, February 14th. Finally, Evercore ISI lifted their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company an “in-line” rating in a research note on Tuesday. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $251.60.

Lowe’s Companies Stock Up 0.6 %

Shares of LOW opened at $254.73 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm’s 50 day moving average price is $232.18 and its 200 day moving average price is $215.99. The company has a market cap of $145.75 billion, a P/E ratio of 19.36, a PEG ratio of 1.87 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the prior year, the business posted $2.28 EPS. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. Research analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share 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. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. Lowe’s Companies’s payout ratio is currently 33.43%.

Lowe’s Companies Company 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.