Valeo Financial Advisors LLC Increases Holdings in Lowe’s Companies, Inc.

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Valeo Financial Advisors LLC increased its holdings in Lowe’s Companies, Inc. (NYSE: LOW) by 20.9% during the first quarter, according to its latest filing with the Securities & Exchange Commission. After purchasing an additional 1,627 shares, Valeo Financial Advisors now holds 9,427 shares of the home improvement retailer, valued at approximately $2.4 million.

Other institutional investors have also adjusted their positions in Lowe’s Companies recently. Kingfisher Capital LLC raised its stake by 0.6%, owning 17,683 shares worth $3.67 million. KPP Advisory Services LLC acquired a new stake valued at $453,000. JT Stratford LLC increased its holdings by 22.8%, now owning 3,374 shares valued at $701,000. Schroder Investment Management Group significantly raised its position to 2,798,268 shares, worth $581.6 million, an increase of 189.5%. Riggs Asset Management Co. Inc. slightly raised its holdings by 0.5%, now owning 16,732 shares valued at $3.48 million.

Analysts have set various price targets for Lowe’s Companies recently, with a consensus rating of “Hold” and an average target price of $250.41 per share. LOW stock opened at $213.17 on Thursday, with a 50-day moving average of $224.57 and a 200-day moving average of $228.32. The company has a market capitalization of $121.47 billion, a P/E ratio of 17.12, a PEG ratio of 1.64, and a beta of 1.08.

Lowe’s Companies reported earnings of $3.06 per share for the latest quarter, surpassing analysts’ estimates of $2.94. Quarterly revenue stood at $21.36 billion, slightly exceeding the consensus estimate of $21.14 billion. The company has announced a quarterly dividend of $0.15 per share, payable on August 7th to shareholders of record as of July 24th, with an ex-dividend date of July 24th.