Sivia Capital Partners LLC Has $568,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Sivia Capital Partners LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,230 shares of the home improvement retailer’s stock after selling 216 shares during the quarter. Sivia Capital Partners LLC’s holdings in Lowe’s Companies were worth $568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. bought a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Tidemark LLC bought a new position in Lowe’s Companies during the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. bought a new position in Lowe’s Companies during the fourth quarter worth about $28,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the third quarter worth about $26,000. Finally, Transcendent Capital Group LLC bought a new position in Lowe’s Companies during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research analyst reports. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. DA Davidson reduced their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a 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 report on Tuesday, April 2nd. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Finally, Mizuho assumed coverage on Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective for the company. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $250.41.

Lowe’s Companies Price Performance

LOW traded up $0.36 during trading on Wednesday, hitting $214.06. 767,011 shares of the stock traded hands, compared to its average volume of 2,537,728. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The company has a market cap of $121.98 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.69 and a beta of 1.08. The business has a 50 day moving average price of $224.57 and a 200 day moving average price of $228.32.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 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 net margin of 8.46% and a negative return on equity of 48.52%. The company’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.67 earnings per share. On average, equities research 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. Stockholders of record on Wednesday, July 24th will be issued 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 dividend yield of 0.28%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

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.