Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,255 shares of the home improvement retailer’s stock after selling 3,984 shares during the period. Los Angeles Capital Management LLC’s holdings in Lowe’s Companies were worth $37,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank purchased a new stake in Lowe’s Companies in the 4th quarter valued at approximately $1,638,746,000. Ontario Teachers Pension Plan Board boosted its stake in shares of Lowe’s Companies by 187,225.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Lowe’s Companies during the 4th quarter worth about $430,090,000. Schroder Investment Management Group raised its stake in Lowe’s Companies by 189.5% in the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after purchasing an additional 1,831,727 shares during the last quarter. Finally, Canoe Financial LP purchased a new position in Lowe’s Companies in the 4th quarter valued at about $206,912,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LOW shares. UBS Group raised their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, May 21st. Gordon Haskett reiterated a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. DA Davidson lowered their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Finally, Citigroup cut their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus price target of $251.33.

Lowe’s Companies Trading Up 0.4 %

LOW stock opened at $227.77 on Thursday. The firm has a 50 day simple moving average of $226.37 and a 200-day simple moving average of $227.64. The company has a market capitalization of $129.79 billion, a P/E ratio of 18.29, a PEG ratio of 1.74 and a beta of 1.08. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.67 EPS. On average, research analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Wednesday, July 24th. Lowe’s Companies’s payout ratio is currently 35.34%.

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.