Clear Harbor Asset Management LLC Trims Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Clear Harbor Asset Management LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,422 shares of the home improvement retailer’s stock after selling 363 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Lowe’s Companies were worth $1,652,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC raised its holdings in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $35,000. Itau Unibanco Holding S.A. purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth about $40,000. Finally, True Wealth Design LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $42,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research reports. Morgan Stanley raised their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Barclays raised their target price on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. The Goldman Sachs Group raised their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Stifel Nicolaus dropped their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $251.60.

Lowe’s Companies Stock Up 0.6 %

Shares of LOW traded up $1.40 during mid-day trading on Thursday, hitting $254.73. The stock had a trading volume of 2,621,825 shares, compared to its average volume of 2,604,700. The company has a market cap of $145.75 billion, a PE ratio of 19.36, a PEG ratio of 1.86 and a beta of 1.13. The company’s fifty day simple moving average is $232.18 and its two-hundred day simple moving average is $215.99. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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 was down 17.1% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 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.