FDx Advisors Inc. Has $230,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

FDx Advisors Inc. cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 85.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 902 shares of the home improvement retailer’s stock after selling 5,263 shares during the quarter. FDx Advisors Inc.’s holdings in Lowe’s Companies were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Private Management Group Inc. increased its holdings in Lowe’s Companies by 4.0% in the 4th quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after buying an additional 46 shares during the period. McAdam LLC grew its holdings in shares of Lowe’s Companies by 3.5% in the 1st quarter. McAdam LLC now owns 1,363 shares of the home improvement retailer’s stock worth $347,000 after purchasing an additional 46 shares during the last quarter. First Bank & Trust grew its holdings in Lowe’s Companies by 3.1% during the 1st quarter. First Bank & Trust now owns 1,509 shares of the home improvement retailer’s stock worth $384,000 after acquiring an additional 46 shares during the last quarter. First Command Advisory Services Inc. grew its holdings in Lowe’s Companies by 1.9% during the 4th quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after acquiring an additional 48 shares during the last quarter. Finally, Prospect Financial Services LLC grew its holdings in Lowe’s Companies by 3.0% during the 1st quarter. Prospect Financial Services LLC now owns 1,623 shares of the home improvement retailer’s stock worth $413,000 after acquiring an additional 48 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $229.74 on Friday. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The company has a market capitalization of $130.92 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.69 and a beta of 1.08. The business has a fifty day simple moving average of $222.93 and a two-hundred day simple moving average of $227.97.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results 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 business had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.67 earnings per share. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

Analyst Ratings Changes

A number of equities research analysts have commented on LOW shares. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, May 21st. Gordon Haskett restated a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Mizuho initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $246.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. 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.com, the company presently has an average rating of “Hold” and a consensus price target of $250.41.

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.