Shulman DeMeo Asset Management LLC Acquires 216 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Shulman DeMeo Asset Management LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 12.5% during the first quarter, Holdings Channel.com reports. The firm owned 1,940 shares of the home improvement retailer’s stock after acquiring an additional 216 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Lowe’s Companies were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Paragon Private Wealth Management LLC lifted its position in shares of Lowe’s Companies by 13.5% during the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after purchasing an additional 581 shares in the last quarter. ING Groep NV boosted its holdings in Lowe’s Companies by 18,786.5% in the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after acquiring an additional 106,144 shares during the last quarter. Clifford Swan Investment Counsel LLC increased its position in Lowe’s Companies by 0.3% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock worth $47,947,000 after purchasing an additional 541 shares during the period. Brevan Howard Capital Management LP raised its holdings in Lowe’s Companies by 824.6% during the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock worth $3,414,000 after purchasing an additional 13,680 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of Lowe’s Companies by 1.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock valued at $10,031,000 after purchasing an additional 540 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $246.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. UBS Group lifted their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Stifel Nicolaus raised their target price on Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Zelman & Associates restated a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Hold” and an average target price of $251.33.

Lowe’s Companies Stock Up 0.5 %

Shares of NYSE:LOW traded up $1.07 during midday trading on Thursday, hitting $219.85. The stock had a trading volume of 2,654,196 shares, compared to its average volume of 2,472,512. The business’s 50-day simple moving average is $225.69 and its 200-day simple moving average is $228.22. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The company has a market cap of $125.28 billion, a P/E ratio of 17.61, a PEG ratio of 1.66 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the business earned $3.67 EPS. Lowe’s Companies’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Lowe’s Companies’s dividend payout ratio is currently 35.34%.

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.