Kovitz Investment Group Partners LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 350.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,373,460 shares of the home improvement retailer's stock after acquiring an additional 1,846,315 shares during the quarter. Lowe's Companies accounts for 1.9% of Kovitz Investment Group Partners LLC's portfolio, making the stock its 14th largest holding. Kovitz Investment Group Partners LLC owned 0.42% of Lowe's Companies worth $585,770,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. IFS Advisors LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter valued at $31,000. Winch Advisory Services LLC lifted its holdings in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies during the fourth quarter valued at $33,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter valued at $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Lowe's Companies Stock Performance
Shares of NYSE LOW traded up $0.22 during mid-day trading on Monday, reaching $221.13. 2,046,652 shares of the company traded hands, compared to its average volume of 2,475,831. The stock has a market cap of $123.77 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company's fifty day moving average is $229.29 and its two-hundred day moving average is $250.63. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01.
Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.
Lowe's Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 37.67%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. DA Davidson reaffirmed a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a report on Wednesday, April 16th. Mizuho dropped their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Bank of America dropped their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $278.21.
Get Our Latest Stock Analysis on LOW
About Lowe's Companies
(
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.
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