Leisure Capital Management Sells 1,540 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Leisure Capital Management cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,833 shares of the home improvement retailer’s stock after selling 1,540 shares during the period. Lowe’s Companies makes up about 1.1% of Leisure Capital Management’s portfolio, making the stock its 25th biggest holding. Leisure Capital Management’s holdings in Lowe’s Companies were worth $1,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Private Management Group Inc. boosted its stake in shares of Lowe’s Companies by 4.0% during the 4th quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after purchasing an additional 46 shares during the period. First Command Advisory Services Inc. grew its holdings in Lowe’s Companies by 1.9% during the 4th quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after purchasing an additional 48 shares during the last quarter. Hamilton Capital LLC grew its holdings in Lowe’s Companies by 2.1% during the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after purchasing an additional 49 shares during the last quarter. Abundance Wealth Counselors grew its holdings in Lowe’s Companies by 0.8% during the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after purchasing an additional 50 shares during the last quarter. Finally, YHB Investment Advisors Inc. grew its holdings in Lowe’s Companies by 0.6% during the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after purchasing an additional 50 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. The Goldman Sachs Group boosted their price objective on shares of Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Royal Bank of Canada upped their price target on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. UBS Group upped their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Wedbush upped their price target on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Down 0.0 %

Shares of NYSE:LOW traded down $0.09 during midday trading on Friday, reaching $229.87. The company’s stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. The firm has a market capitalization of $131.53 billion, a PE ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a fifty day moving average of $239.98 and a 200 day moving average of $219.70.

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 for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the business earned $2.28 earnings per share. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Lowe’s Companies Profile

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.