Lowe’s Companies, Inc. (NYSE:LOW) Stake Trimmed by Wrapmanager Inc.

Wrapmanager Inc. lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,268 shares of the home improvement retailer’s stock after selling 93 shares during the period. Wrapmanager Inc.’s holdings in Lowe’s Companies were worth $282,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Private Management Group Inc. raised its position in shares of Lowe’s Companies by 4.0% during the fourth 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 fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after buying an additional 48 shares in the last quarter. Hamilton Capital LLC raised its position in Lowe’s Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after buying an additional 49 shares during the last quarter. Abundance Wealth Counselors boosted its holdings in Lowe’s Companies by 0.8% during the fourth quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock worth $1,485,000 after purchasing an additional 50 shares during the last quarter. Finally, YHB Investment Advisors Inc. grew its position in Lowe’s Companies by 0.6% in the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock worth $2,006,000 after purchasing an additional 50 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded up $4.13 during midday trading on Thursday, hitting $236.20. The company had a trading volume of 1,651,555 shares, compared to its average volume of 2,436,139. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The stock has a market capitalization of $135.15 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.72 and a beta of 1.15. The company has a 50 day moving average of $239.86 and a 200 day moving average of $221.76.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 earnings per share. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were issued a $1.10 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.86%. Lowe’s Companies’s payout ratio is 33.43%.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Citigroup decreased their target price on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday. Gordon Haskett reissued a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, April 3rd. The Goldman Sachs Group increased their price target 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. Finally, JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $252.67.

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.