Apollon Wealth Management LLC Buys 2,514 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Apollon Wealth Management LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,700 shares of the home improvement retailer’s stock after acquiring an additional 2,514 shares during the period. Apollon Wealth Management LLC’s holdings in Lowe’s Companies were worth $4,607,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Clifford Swan Investment Counsel LLC boosted its stake in shares of Lowe’s Companies by 0.3% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after acquiring an additional 541 shares in the last quarter. Harbour Trust & Investment Management Co bought a new stake in Lowe’s Companies during the 4th quarter valued at approximately $5,890,000. Syon Capital LLC boosted its stake in Lowe’s Companies by 23.3% during the 4th quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock valued at $1,587,000 after purchasing an additional 1,345 shares during the period. Biondo Investment Advisors LLC boosted its stake in Lowe’s Companies by 1.0% during the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after purchasing an additional 620 shares during the period. Finally, Perigon Wealth Management LLC boosted its stake in Lowe’s Companies by 18.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after purchasing an additional 584 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.2 %

Shares of NYSE:LOW traded down $0.43 during midday trading on Monday, reaching $231.70. The company had a trading volume of 1,698,464 shares, compared to its average volume of 2,459,765. The business’s 50 day moving average price is $240.08 and its 200 day moving average price is $221.40. The stock has a market cap of $132.58 billion, a PE ratio of 17.61, a P/E/G ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

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

Lowe’s Companies Dividend Announcement

The firm also recently declared 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is currently 33.43%.

Wall Street Analyst Weigh In

LOW has been the subject of several recent analyst reports. Evercore ISI decreased their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Wedbush increased their target price 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. JPMorgan Chase & Co. increased their target price on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Wells Fargo & Company upped their price target on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, The Goldman Sachs Group upped their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $252.52.

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.