Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Lifted by Choreo LLC

Choreo LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 42.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,958 shares of the home improvement retailer’s stock after buying an additional 4,163 shares during the quarter. Choreo LLC’s holdings in Lowe’s Companies were worth $3,106,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LOW. Private Management Group Inc. increased its holdings in shares of Lowe’s Companies by 4.0% in the 4th quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after acquiring an additional 46 shares during the period. First Command Advisory Services Inc. increased its holdings in shares of 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 worth $576,000 after acquiring an additional 48 shares during the period. Hamilton Capital LLC increased its holdings in shares of 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 worth $507,000 after acquiring an additional 49 shares during the period. Abundance Wealth Counselors increased its holdings in shares of 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 worth $1,485,000 after acquiring an additional 50 shares during the period. Finally, YHB Investment Advisors Inc. increased its holdings in shares of 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 acquiring an additional 50 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Citigroup raised their target price on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Finally, Oppenheimer reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research note on Monday, March 4th. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Price Performance

Shares of LOW opened at $230.94 on Tuesday. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The company has a 50-day moving average of $240.06 and a two-hundred day moving average of $220.18. The stock has a market cap of $132.14 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate 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 company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period last year, the company posted $2.28 earnings per share. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. Analysts anticipate 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. Investors of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is presently 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.