Lowe’s Companies, Inc. (NYSE:LOW) Holdings Decreased by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,327 shares of the home improvement retailer’s stock after selling 180 shares during the period. Colton Groome Financial Advisors LLC’s holdings in Lowe’s Companies were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Hamilton Capital LLC grew its stake in Lowe’s Companies by 2.1% in the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after acquiring an additional 49 shares during the period. Abundance Wealth Counselors grew its stake in Lowe’s Companies by 0.8% in the fourth quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after acquiring an additional 50 shares during the period. YHB Investment Advisors Inc. grew its stake in Lowe’s Companies by 0.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after acquiring an additional 50 shares during the period. Mather Group LLC. grew its stake in Lowe’s Companies by 2.8% in the first quarter. Mather Group LLC. now owns 1,939 shares of the home improvement retailer’s stock valued at $392,000 after acquiring an additional 52 shares during the period. Finally, Thomasville National Bank grew its stake in Lowe’s Companies by 0.4% in the fourth quarter. Thomasville National Bank now owns 11,803 shares of the home improvement retailer’s stock valued at $2,627,000 after acquiring an additional 52 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LOW. Royal Bank of Canada boosted their target price on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Stifel Nicolaus reduced their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Robert W. Baird raised Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, February 14th. Morgan Stanley upped their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, UBS Group upped their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Trading Down 0.0 %

NYSE:LOW traded down $0.10 on Thursday, hitting $228.76. The company’s stock had a trading volume of 1,993,108 shares, compared to its average volume of 2,552,402. The stock has a fifty day moving average of $239.29 and a two-hundred day moving average of $218.38. The firm has a market capitalization of $130.89 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49.

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

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.92%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

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.