3,704 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Wynn Capital LLC

Wynn Capital LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,704 shares of the home improvement retailer’s stock, valued at approximately $824,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Harbour Trust & Investment Management Co bought a new position in shares of Lowe’s Companies during the fourth quarter valued at $5,890,000. Biondo Investment Advisors LLC raised its stake in shares of Lowe’s Companies by 1.0% during the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after acquiring an additional 620 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of Lowe’s Companies by 18.6% during the fourth quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after acquiring an additional 584 shares during the last quarter. Legacy CG LLC raised its stake in shares of Lowe’s Companies by 25.0% during the fourth quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock valued at $5,107,000 after acquiring an additional 4,583 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Lowe’s Companies during the third quarter valued at $40,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zelman & Associates reaffirmed a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. The Goldman Sachs Group lifted their target price on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Wedbush lifted their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Citigroup raised their price target on shares of Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Finally, StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Down 1.4 %

NYSE:LOW traded down $3.25 during mid-day trading on Wednesday, hitting $230.31. 1,484,364 shares of the stock traded hands, compared to its average volume of 2,520,125. The business’s 50-day moving average price is $239.82 and its 200 day moving average price is $219.35. The company has a market cap of $131.78 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

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

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

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.