Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S cut its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,684 shares of the home improvement retailer's stock after selling 10,638 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Lowe's Companies were worth $35,214,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Invst LLC purchased a new stake in Lowe's Companies in the 3rd quarter valued at $255,000. Virtu Financial LLC raised its holdings in shares of Lowe's Companies by 66.1% in the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock valued at $1,483,000 after buying an additional 2,178 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of Lowe's Companies during the third quarter worth about $1,877,000. Anchor Investment Management LLC grew its holdings in shares of Lowe's Companies by 2.6% during the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock worth $12,334,000 after buying an additional 1,161 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in Lowe's Companies by 7.6% in the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock valued at $6,423,000 after acquiring an additional 1,670 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on LOW. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Bank of America cut their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 target price on shares of Lowe's Companies in a report on Wednesday, April 16th. Finally, Mizuho dropped their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $278.74.

Lowe's Companies Stock Performance

LOW stock traded up $0.59 on Wednesday, reaching $218.51. The company had a trading volume of 1,063,002 shares, compared to its average volume of 2,468,390. The company's fifty day moving average is $231.16 and its 200 day moving average is $251.89. The company has a market cap of $122.30 billion, a P/E ratio of 18.22, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

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 paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is currently 37.67%.

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.