Lowe’s Companies, Inc. (NYSE:LOW) Stake Maintained by North Star Investment Management Corp.

North Star Investment Management Corp. continued to hold its position in Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,422 shares of the home improvement retailer’s stock at the end of the second quarter. North Star Investment Management Corp.’s holdings in Lowe’s Companies were worth $188,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LOW. SRS Capital Advisors Inc. boosted its position in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the period. Guardian Life Insurance Co. of America boosted its position in Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock worth $275,000 after buying an additional 13 shares during the period. Winfield Associates Inc. boosted its position in Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 15 shares during the period. Modera Wealth Management LLC increased its position in Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock worth $405,000 after buying an additional 15 shares in the last quarter. Finally, First Personal Financial Services increased its position in Lowe’s Companies by 0.3% in the first quarter. First Personal Financial Services now owns 8,067 shares of the home improvement retailer’s stock worth $663,000 after buying an additional 21 shares in the last quarter. Institutional investors own 74.70% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.32% during trading on Friday, hitting $77.26. 3,090,052 shares of the stock were exchanged. The stock has a market cap of $65.22 billion, a PE ratio of 24.23 and a beta of 1.08. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The firm has a 50 day moving average of $76.69 and a 200-day moving average of $79.41.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.03. The firm had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 26th were given a dividend of $0.41 per share. The ex-dividend date was Monday, July 24th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. Lowe’s Companies’s payout ratio is currently 51.57%.

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Several research analysts have recently commented on LOW shares. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) lowered their target price on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Stifel Nicolaus decreased their price objective on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, May 24th. Finally, BTIG Research restated a “buy” rating and issued a $95.00 target price (up previously from $90.00) on shares of Lowe’s Companies in a research report on Friday, May 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $85.23.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the transaction, the insider now directly owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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