Annapolis Financial Services LLC Sells 293 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Annapolis Financial Services LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 70.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121 shares of the home improvement retailer’s stock after selling 293 shares during the period. Annapolis Financial Services LLC’s holdings in Lowe’s Companies were worth $31,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LOW. Norges Bank bought a new position in Lowe’s Companies in the fourth quarter worth approximately $1,638,746,000. International Assets Investment Management LLC bought a new position in Lowe’s Companies in the fourth quarter worth approximately $430,090,000. Schroder Investment Management Group raised its stake in Lowe’s Companies by 189.5% in the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares in the last quarter. Canoe Financial LP bought a new position in Lowe’s Companies in the fourth quarter worth approximately $206,912,000. Finally, Pathstone Holdings LLC bought a new position in Lowe’s Companies in the fourth quarter worth approximately $126,615,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.3 %

Shares of Lowe’s Companies stock traded up $0.66 during trading hours on Friday, reaching $220.46. The stock had a trading volume of 12,630,451 shares, compared to its average volume of 2,428,194. The stock’s 50 day moving average is $225.32 and its 200 day moving average is $228.40. The firm has a market capitalization of $125.63 billion, a PE ratio of 17.71, a PEG ratio of 1.68 and a beta of 1.08. 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, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the firm posted $3.67 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share 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 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 (DPR) is presently 36.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LOW. DA Davidson reduced their price target 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. Evercore ISI reduced their price target on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 22nd. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a research report on Monday, March 4th. Stifel Nicolaus upped their price target on Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Finally, StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Lowe’s Companies has a consensus rating of “Hold” and a consensus price target of $251.33.

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.