Peapack Gladstone Financial Corp Has $38.06 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Peapack Gladstone Financial Corp raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,212 shares of the home improvement retailer’s stock after acquiring an additional 1,078 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Lowe’s Companies were worth $38,061,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, February 26th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada decreased their price target on shares of 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. Finally, Sanford C. Bernstein raised their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.35.

Lowe’s Companies Trading Up 0.2 %

NYSE:LOW opened at $223.05 on Friday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market capitalization of $124.84 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.96 and a beta of 1.12. The firm has a fifty day simple moving average of $242.39 and a two-hundred day simple moving average of $256.46.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate 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 company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.06%. 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.