WINTON GROUP Ltd reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 12.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 57,077 shares of the home improvement retailer’s stock after selling 8,112 shares during the period. WINTON GROUP Ltd’s holdings in Lowe’s Companies were worth $5,009,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in LOW. Clark Capital Management Group Inc. lifted its holdings in shares of Lowe’s Companies by 10.1% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,156 shares of the home improvement retailer’s stock valued at $1,037,000 after purchasing an additional 1,019 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Lowe’s Companies by 49.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 23,584 shares of the home improvement retailer’s stock valued at $2,192,000 after buying an additional 7,832 shares during the period. Good Life Advisors LLC boosted its stake in shares of Lowe’s Companies by 13.8% in the fourth quarter. Good Life Advisors LLC now owns 4,341 shares of the home improvement retailer’s stock valued at $407,000 after buying an additional 528 shares during the period. Granite Springs Asset Management LLC bought a new stake in Lowe’s Companies during the fourth quarter worth $1,406,000. Finally, Csenge Advisory Group bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $309,000. 74.07% of the stock is owned by institutional investors and hedge funds.
NYSE LOW traded down $0.43 during trading on Friday, reaching $95.57. 4,212,889 shares of the company’s stock traded hands, compared to its average volume of 4,387,913. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.18 and a current ratio of 1.02. Lowe’s Companies, Inc. has a 12-month low of $70.76 and a 12-month high of $108.98. The company has a market capitalization of $78.35 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.35.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). The firm had revenue of $17.36 billion during the quarter, compared to analysts’ expectations of $17.44 billion. Lowe’s Companies had a return on equity of 66.36% and a net margin of 5.55%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. equities analysts expect that Lowe’s Companies, Inc. will post 5.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 8th. Shareholders of record on Wednesday, July 25th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.01%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, July 24th. Lowe’s Companies’s payout ratio is presently 37.36%.
A number of analysts have weighed in on the company. Zacks Investment Research downgraded Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Thursday, May 24th. Wedbush set a $92.00 price target on shares of Lowe’s Companies and gave the stock a “hold” rating in a research note on Thursday, May 24th. Credit Suisse Group set a $111.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Royal Bank of Canada boosted their price target on shares of Lowe’s Companies to $104.00 and gave the company an “outperform” rating in a research report on Thursday, May 24th. Finally, Argus lifted their price objective on shares of Lowe’s Companies from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $100.79.
In related news, SVP Matthew V. Hollifield sold 12,362 shares of the business’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $99.56, for a total value of $1,230,760.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company’s stock.
Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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