Hyman Charles D Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Hyman Charles D boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,300 shares of the home improvement retailer’s stock after buying an additional 455 shares during the period. Hyman Charles D’s holdings in Lowe’s Companies were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Private Management Group Inc. lifted its holdings in Lowe’s Companies by 4.0% in the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after acquiring an additional 46 shares during the period. First Command Advisory Services Inc. raised its stake in Lowe’s Companies by 1.9% in 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% 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 in the last quarter. Abundance Wealth Counselors grew its holdings in Lowe’s Companies by 0.8% in the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after buying an additional 50 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its holdings 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 valued at $2,006,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LOW. Stifel Nicolaus lowered their price target on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a report on Friday, February 16th. Citigroup cut their target price on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday. Mizuho initiated coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target on the stock. Evercore ISI dropped their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Finally, Gordon Haskett reiterated a “hold” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $252.67.

Lowe’s Companies Stock Down 0.1 %

NYSE LOW traded down $0.25 during trading hours on Tuesday, hitting $231.45. The company’s stock had a trading volume of 1,912,237 shares, compared to its average volume of 2,453,542. The stock has a fifty day moving average of $240.00 and a 200 day moving average of $221.68. The firm has a market capitalization of $132.43 billion, a P/E ratio of 17.59, a PEG ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS 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 business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the business posted $2.28 earnings per share. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. On average, analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Lowe’s Companies Company 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.