Callan Capital LLC Increases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Callan Capital LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,448 shares of the home improvement retailer’s stock after purchasing an additional 156 shares during the quarter. Callan Capital LLC’s holdings in Lowe’s Companies were worth $322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. purchased a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Orion Capital Management LLC purchased a new position in Lowe’s Companies during the third quarter worth about $26,000. VisionPoint Advisory Group LLC grew its position in Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies during the third quarter worth about $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Lowe’s Companies during the fourth quarter worth about $47,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LOW. Stifel Nicolaus dropped their price target on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Morgan Stanley lifted their price target on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Evercore ISI dropped their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. DA Davidson reissued a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Finally, Mizuho assumed coverage on Lowe’s Companies in a research note on Tuesday, March 19th. They issued a “buy” rating and a $280.00 target price for the company. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $0.09 during midday trading on Friday, hitting $229.87. The company had a trading volume of 1,970,953 shares, compared to its average volume of 2,507,264. The stock has a market capitalization of $131.53 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The company has a 50 day moving average of $239.98 and a 200 day moving average of $219.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.28 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.91%. Lowe’s Companies’s dividend payout ratio (DPR) 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.