Bragg Financial Advisors Inc Has $7.90 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Bragg Financial Advisors Inc raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,003 shares of the home improvement retailer's stock after acquiring an additional 1,621 shares during the period. Bragg Financial Advisors Inc's holdings in Lowe's Companies were worth $7,898,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LOW. Klingenstein Fields & Co. LP raised its stake in shares of Lowe's Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares in the last quarter. Saxony Capital Management LLC increased its holdings in Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after buying an additional 40 shares during the period. Powers Advisory Group LLC raised its stake in shares of Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after buying an additional 40 shares in the last quarter. Cordatus Wealth Management LLC lifted its holdings in shares of Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after acquiring an additional 41 shares during the period. Finally, O Brien Greene & Co. Inc boosted its position in shares of Lowe's Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

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Lowe's Companies Price Performance

Shares of Lowe's Companies stock traded down $3.68 on Tuesday, hitting $220.46. 2,804,710 shares of the company's stock traded hands, compared to its average volume of 2,468,318. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The stock has a market capitalization of $123.40 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The firm's 50-day moving average price is $235.57 and its two-hundred day moving average price is $253.99.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Piper Sandler cut their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. Mizuho cut their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, Bank of America lowered their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $278.74.

About Lowe's Companies

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.