Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,480 shares of the home improvement retailer’s stock after acquiring an additional 605 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lowe’s Companies were worth $7,893,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hamilton Capital LLC increased its holdings in 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 valued at $507,000 after buying an additional 49 shares during the period. Abundance Wealth Counselors grew 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 purchasing an additional 50 shares during the last quarter. YHB Investment Advisors Inc. lifted its position in Lowe’s Companies by 0.6% during the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock worth $2,006,000 after buying an additional 50 shares in the last quarter. Mather Group LLC. lifted its position in Lowe’s Companies by 2.8% during the 1st quarter. Mather Group LLC. now owns 1,939 shares of the home improvement retailer’s stock worth $392,000 after buying an additional 52 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Lowe’s Companies by 4.2% during the 3rd quarter. Kathmere Capital Management LLC now owns 1,276 shares of the home improvement retailer’s stock worth $265,000 after buying an additional 52 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on LOW shares. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. JPMorgan Chase & Co. upped their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Morgan Stanley upped their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Royal Bank of Canada upped their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Finally, Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Wednesday, February 14th. 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 presently has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Up 0.2 %

Shares of NYSE LOW traded up $0.51 during trading hours on Wednesday, hitting $228.86. The company had a trading volume of 1,981,584 shares, compared to its average volume of 2,559,961. The firm’s 50 day moving average is $239.15 and its 200-day moving average is $218.31. The stock has a market capitalization of $130.95 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. Lowe’s Companies’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 earnings per share. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

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.