Ballew Advisors Inc lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,360 shares of the home improvement retailer’s stock after selling 62 shares during the quarter. Ballew Advisors Inc’s holdings in Lowe’s Companies were worth $226,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Triton Wealth Management PLLC lifted its stake in shares of Lowe’s Companies by 3.9% in the 3rd quarter. Triton Wealth Management PLLC now owns 1,535 shares of the home improvement retailer’s stock valued at $258,000 after purchasing an additional 58 shares in the last quarter. Strategic Wealth Management Group LLC increased its holdings in Lowe’s Companies by 3.8% during the 3rd quarter. Strategic Wealth Management Group LLC now owns 1,697 shares of the home improvement retailer’s stock worth $281,000 after purchasing an additional 62 shares during the last quarter. JJJ Advisors Inc. grew its position in shares of Lowe’s Companies by 19.6% in the 3rd quarter. JJJ Advisors Inc. now owns 391 shares of the home improvement retailer’s stock worth $65,000 after acquiring an additional 64 shares in the last quarter. Seeyond grew its position in shares of Lowe’s Companies by 0.6% in the 3rd quarter. Seeyond now owns 11,277 shares of the home improvement retailer’s stock worth $1,870,000 after acquiring an additional 67 shares in the last quarter. Finally, Ellenbecker Investment Group grew its position in shares of Lowe’s Companies by 5.1% in the 4th quarter. Ellenbecker Investment Group now owns 1,380 shares of the home improvement retailer’s stock worth $221,000 after acquiring an additional 67 shares in the last quarter. 66.32% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on LOW shares. Gordon Haskett lowered Lowe’s Companies from a “buy” rating to an “accumulate” rating and set a $181.00 price objective for the company. in a research report on Thursday, November 12th. KeyCorp boosted their price objective on Lowe’s Companies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Oppenheimer downgraded Lowe’s Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $185.00 to $180.00 in a research note on Friday, September 18th. ValuEngine lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 10th. Finally, Morgan Stanley upped their price target on Lowe’s Companies from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $171.82.
Shares of LOW traded up $0.84 during midday trading on Wednesday, hitting $169.83. The stock had a trading volume of 3,238,672 shares, compared to its average volume of 4,436,898. The company has a 50 day simple moving average of $159.44 and a two-hundred day simple moving average of $157.48. Lowe’s Companies, Inc. has a twelve month low of $60.00 and a twelve month high of $180.67. The firm has a market cap of $124.44 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 17th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.01. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. The firm had revenue of $22.31 billion for the quarter, compared to the consensus estimate of $21.08 billion. During the same quarter last year, the business posted $1.41 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 8.7 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 3rd. Shareholders of record on Wednesday, January 20th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, January 19th. Lowe’s Companies’s dividend payout ratio is 41.96%.
Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
Further Reading: What is intrinsic value?
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