Lowe’s Companies, Inc. (NYSE:LOW) Position Reduced by Abacus Planning Group Inc.

Abacus Planning Group Inc. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,661 shares of the home improvement retailer’s stock after selling 125 shares during the period. Abacus Planning Group Inc.’s holdings in Lowe’s Companies were worth $592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Orion Capital Management LLC bought a new position in Lowe’s Companies during the third quarter valued at about $26,000. VisionPoint Advisory Group LLC lifted its holdings in Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Lowe’s Companies during the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $42,000. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

LOW has been the subject of several recent research reports. UBS Group increased their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Oppenheimer restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. The Goldman Sachs Group upped their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. 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 price target on the stock. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $251.60.

Get Our Latest Stock Analysis on LOW

Lowe’s Companies Stock Up 0.6 %

Shares of LOW opened at $254.73 on Friday. The firm has a market cap of $145.75 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The company’s fifty day moving average is $233.60 and its 200-day moving average is $216.41. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

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

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. 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 1.73%. Lowe’s Companies’s payout ratio is currently 33.43%.

Lowe’s Companies Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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