Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,483 shares of the home improvement retailer’s stock after selling 173 shares during the quarter. Lowe’s Companies makes up approximately 2.1% of Biondo Investment Advisors LLC’s portfolio, making the stock its 11th biggest position. Biondo Investment Advisors LLC’s holdings in Lowe’s Companies were worth $15,174,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IFS Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $27,000. Winch Advisory Services LLC raised its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Marshall Investment Management LLC purchased a new stake in Lowe’s Companies during the fourth quarter worth approximately $31,000. Finally, Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $33,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. Mizuho cut their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada decreased their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $279.71.

Lowe’s Companies Trading Down 1.7 %

NYSE LOW opened at $228.20 on Friday. The stock has a market capitalization of $127.73 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.12. The business’s 50 day moving average is $245.57 and its two-hundred day moving average is $257.24. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Lowe’s Companies Company 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.