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

Bigelow Investment Advisors LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,230 shares of the home improvement retailer’s stock after selling 49 shares during the period. Bigelow Investment Advisors LLC’s holdings in Lowe’s Companies were worth $933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LOW. 9258 Wealth Management LLC grew its position in Lowe’s Companies by 24.8% during the fourth quarter. 9258 Wealth Management LLC now owns 2,387 shares of the home improvement retailer’s stock valued at $531,000 after buying an additional 474 shares during the period. Gryphon Financial Partners LLC grew its position in shares of Lowe’s Companies by 10.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,441 shares of the home improvement retailer’s stock valued at $315,000 after acquiring an additional 138 shares during the period. Navellier & Associates Inc. increased its stake in shares of Lowe’s Companies by 41.0% in the 4th quarter. Navellier & Associates Inc. now owns 6,911 shares of the home improvement retailer’s stock valued at $1,538,000 after purchasing an additional 2,011 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in Lowe’s Companies in the 4th quarter worth about $63,000. Finally, Financial Advocates Investment Management boosted its position in Lowe’s Companies by 3.4% during the fourth quarter. Financial Advocates Investment Management now owns 3,949 shares of the home improvement retailer’s stock worth $879,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, August 21st. Bank of America cut their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Evercore ISI increased their price objective on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a report on Wednesday, August 21st. Royal Bank of Canada cut their target price on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 21st. Finally, Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and a consensus target price of $252.83.

Lowe’s Companies Price Performance

NYSE LOW opened at $255.41 on Friday. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The stock has a market capitalization of $144.89 billion, a P/E ratio of 20.51, a PEG ratio of 2.03 and a beta of 1.10. The firm’s 50-day moving average is $240.11 and its two-hundred day moving average is $234.78.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. During the same period in the previous year, the firm posted $4.56 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.93 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s payout ratio is 36.95%.

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.