Hexagon Capital Partners LLC Buys 353 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Hexagon Capital Partners LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,895 shares of the home improvement retailer’s stock after buying an additional 353 shares during the period. Hexagon Capital Partners LLC’s holdings in Lowe’s Companies were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. Wetzel Investment Advisors Inc. acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth $26,000. Tidemark LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies in the 4th quarter worth $28,000. Finally, Transcendent Capital Group LLC bought a new position in Lowe’s Companies during the 4th quarter worth about $31,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of research reports. Gordon Haskett restated a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Mizuho started coverage on Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price on the stock. DA Davidson dropped their target price 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 dropped their target price 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. Finally, Oppenheimer reissued a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Hold” and a consensus price target of $251.33.

Lowe’s Companies Stock Down 3.1 %

Shares of NYSE LOW traded down $6.94 during midday trading on Monday, hitting $213.52. 2,567,479 shares of the company’s stock were exchanged, compared to its average volume of 2,554,787. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The company’s 50 day moving average price is $225.32 and its 200 day moving average price is $228.49. The firm has a market capitalization of $121.67 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.67 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.28%. 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.