Proficio Capital Partners LLC Raises Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Proficio Capital Partners LLC lifted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 72.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,429 shares of the home improvement retailer's stock after purchasing an additional 1,444 shares during the period. Proficio Capital Partners LLC's holdings in Lowe's Companies were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LOW. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies during the 3rd quarter valued at approximately $27,000. IFS Advisors LLC acquired a new position in Lowe's Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in Lowe's Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC grew its holdings in Lowe's Companies by 56.4% in 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. Finally, Financial Life Planners acquired a new stake in Lowe's Companies in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LOW shares. Sanford C. Bernstein boosted their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Evercore ISI upped their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday, December 12th. Wedbush reissued a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Finally, Bank of America lowered their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $279.71.

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Lowe's Companies Price Performance

NYSE:LOW traded down $2.28 during trading hours on Tuesday, reaching $230.61. 2,476,794 shares of the company were exchanged, compared to its average volume of 2,280,569. The firm has a market cap of $130.21 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.96 and a beta of 1.12. The stock has a 50 day simple moving average of $247.26 and a 200 day simple moving average of $257.71. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

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

Lowe's Companies Announces Dividend

The company 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 $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 1.99%. 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 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.