Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Second Half Financial Partners LLC

Second Half Financial Partners LLC lowered its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,702 shares of the home improvement retailer's stock after selling 1,455 shares during the period. Lowe's Companies comprises 0.8% of Second Half Financial Partners LLC's portfolio, making the stock its 28th largest holding. Second Half Financial Partners LLC's holdings in Lowe's Companies were worth $1,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after buying an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of Lowe's Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock worth $4,696,000 after acquiring an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lowe's Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after acquiring an additional 4,435 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock valued at $4,894,000 after acquiring an additional 501 shares during the last quarter. Finally, World Investment Advisors boosted its stake in shares of Lowe's Companies by 11.0% during the fourth quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock valued at $6,498,000 after acquiring an additional 2,615 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a report on Tuesday, April 15th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Mizuho lowered their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Bank of America reduced their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $278.21.

Lowe's Companies Price Performance

NYSE:LOW opened at $220.95 on Friday. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The business's 50-day moving average is $229.29 and its two-hundred day moving average is $250.79. The firm has a market capitalization of $123.67 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 yield of 2.08%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

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.

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