Lowe’s Companies, Inc. (NYSE:LOW) is Chicago Capital LLC’s 7th Largest Position

Chicago Capital LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 355,404 shares of the home improvement retailer’s stock after acquiring an additional 3,180 shares during the quarter. Lowe’s Companies accounts for about 3.1% of Chicago Capital LLC’s investment portfolio, making the stock its 7th largest holding. Chicago Capital LLC’s holdings in Lowe’s Companies were worth $71,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOW. Capital Investment Advisors LLC grew its holdings in shares of Lowe’s Companies by 6.6% during the 4th quarter. Capital Investment Advisors LLC now owns 5,816 shares of the home improvement retailer’s stock worth $1,503,000 after purchasing an additional 361 shares during the period. Stonnington Group LLC grew its holdings in shares of Lowe’s Companies by 841.5% during the 4th quarter. Stonnington Group LLC now owns 55,268 shares of the home improvement retailer’s stock worth $13,789,000 after purchasing an additional 49,398 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Lowe’s Companies by 3.1% during the 4th quarter. State of Alaska Department of Revenue now owns 134,661 shares of the home improvement retailer’s stock worth $34,806,000 after purchasing an additional 4,096 shares during the period. Summit Financial Wealth Advisors LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter worth $213,000. Finally, Engrave Wealth Partners LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter worth $215,000. Institutional investors and hedge funds own 75.46% of the company’s stock.

A number of equities analysts recently commented on the company. Gordon Haskett cut Lowe’s Companies from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Wedbush lowered their target price on Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Sunday, May 29th. DA Davidson lowered their target price on Lowe’s Companies from $292.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, May 19th. Finally, Evercore ISI lowered their target price on Lowe’s Companies to $245.00 in a report on Thursday, June 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.16.

Shares of NYSE LOW opened at $177.36 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $170.12 and a fifty-two week high of $263.31. The firm has a market capitalization of $113.36 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The stock’s 50-day simple moving average is $189.09 and its 200-day simple moving average is $214.92.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.29. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The business had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. During the same quarter last year, the company earned $3.21 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, July 19th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.80. Lowe’s Companies’s dividend payout ratio (DPR) is 26.08%.

Lowe’s Companies Profile (Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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