Fernwood Investment Management LLC Makes New $219,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Fernwood Investment Management LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 849 shares of the home improvement retailer’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. L & S Advisors Inc grew its stake in shares of Lowe’s Companies by 0.4% in the fourth quarter. L & S Advisors Inc now owns 28,703 shares of the home improvement retailer’s stock worth $7,419,000 after purchasing an additional 102 shares during the last quarter. Leverty Financial Group LLC bought a new stake in shares of Lowe’s Companies in the fourth quarter worth $70,000. AIMZ Investment Advisors LLC grew its stake in shares of Lowe’s Companies by 1.4% in the fourth quarter. AIMZ Investment Advisors LLC now owns 14,140 shares of the home improvement retailer’s stock worth $3,655,000 after purchasing an additional 202 shares during the last quarter. UMB Bank N A MO grew its stake in shares of Lowe’s Companies by 28.7% in the fourth quarter. UMB Bank N A MO now owns 35,121 shares of the home improvement retailer’s stock worth $9,078,000 after purchasing an additional 7,829 shares during the last quarter. Finally, Sittner & Nelson LLC grew its stake in shares of Lowe’s Companies by 64.2% in the fourth quarter. Sittner & Nelson LLC now owns 243 shares of the home improvement retailer’s stock worth $63,000 after purchasing an additional 95 shares during the last quarter. 75.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LOW stock traded down $9.58 during trading hours on Thursday, reaching $197.58. The company had a trading volume of 165,823 shares, compared to its average volume of 3,821,963. The company has a market cap of $130.62 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.21 and a beta of 1.25. Lowe’s Companies, Inc. has a 12 month low of $182.08 and a 12 month high of $263.31. The business has a fifty day simple moving average of $213.44 and a 200-day simple moving average of $230.89.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The home improvement retailer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $21.34 billion during the quarter, compared to analyst estimates of $20.91 billion. Lowe’s Companies had a negative return on equity of 551.52% and a net margin of 8.77%. Lowe’s Companies’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 13.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 4th. Investors of record on Wednesday, April 20th were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, April 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.62%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 26.73%.

Several analysts recently weighed in on LOW shares. Loop Capital reduced their price objective on shares of Lowe’s Companies from $240.00 to $190.00 in a research note on Tuesday, April 12th. Gordon Haskett cut their price target on shares of Lowe’s Companies from $285.00 to $255.00 in a research report on Monday, March 28th. Telsey Advisory Group upped their price target on shares of Lowe’s Companies from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, February 24th. Evercore ISI began coverage on shares of Lowe’s Companies in a research report on Tuesday, February 15th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company cut their price target on shares of Lowe’s Companies from $295.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $260.80.

Lowe’s Companies Company Profile (Get Rating)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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

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