972 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Skyline Advisors Inc.

Skyline Advisors Inc. bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 972 shares of the home improvement retailer’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Leo Wealth LLC bought a new position in Lowe’s Companies in the 4th quarter worth approximately $666,000. Sivia Capital Partners LLC bought a new position in Lowe’s Companies in the 4th quarter worth approximately $545,000. ICA Group Wealth Management LLC bought a new position in Lowe’s Companies in the 4th quarter worth approximately $133,000. SageView Advisory Group LLC increased its position in Lowe’s Companies by 179.6% in the 4th quarter. SageView Advisory Group LLC now owns 8,980 shares of the home improvement retailer’s stock worth $1,926,000 after buying an additional 5,768 shares during the period. Finally, Willner & Heller LLC bought a new position in Lowe’s Companies in the 4th quarter worth approximately $369,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. DA Davidson lowered their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Zelman & Associates restated a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Finally, Mizuho began coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $251.33.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded up $3.47 during trading hours on Monday, hitting $226.82. The company’s stock had a trading volume of 1,700,795 shares, compared to its average volume of 2,443,513. The company has a market capitalization of $129.25 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The stock has a 50 day moving average of $226.89 and a 200 day moving average of $227.47.

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

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given 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 yield of 0.26%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

About Lowe’s Companies

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.