Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by LPL Financial LLC

LPL Financial LLC grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 879,527 shares of the home improvement retailer's stock after purchasing an additional 65,910 shares during the quarter. LPL Financial LLC owned approximately 0.16% of Lowe's Companies worth $217,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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 worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe's Companies during the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC raised its position 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 buying an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new position in shares of Lowe's Companies in the fourth quarter worth $31,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Lowe's Companies in the fourth quarter worth $44,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LOW shares. Guggenheim reaffirmed a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research note on Thursday, December 12th. Evercore ISI raised their price objective on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their target price on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Finally, Bank of America reduced their price objective 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $279.71.

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Lowe's Companies Price Performance

NYSE LOW traded down $2.28 during trading on Tuesday, reaching $230.61. 2,476,794 shares of the company's stock traded hands, compared to its average volume of 2,280,569. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market cap of $130.21 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company's 50 day simple moving average is $247.67 and its two-hundred day simple moving average is $257.80.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The company 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%. Research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. 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.