WINTON GROUP Ltd Invests $300,000 in Lowe's Companies, Inc. (NYSE:LOW)

WINTON GROUP Ltd acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,217 shares of the home improvement retailer's stock, valued at approximately $300,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings 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 boosted its stake in 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 valued at $4,696,000 after buying an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after buying an additional 4,435 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings 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 worth $4,894,000 after buying an additional 501 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in shares of Lowe's Companies by 1.5% in the fourth quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer's stock worth $116,696,000 after acquiring an additional 7,187 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

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Lowe's Companies Price Performance

Shares of LOW traded up $0.49 during mid-day trading on Tuesday, hitting $233.72. The stock had a trading volume of 2,212,750 shares, compared to its average volume of 2,421,822. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The business has a fifty day moving average price of $244.40 and a 200-day moving average price of $257.09. The firm has a market cap of $130.82 billion, a P/E ratio of 19.49, a PEG ratio of 1.96 and a beta of 1.12.

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, 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 net margin of 8.19% and a negative return on equity of 47.55%. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is currently 37.67%.

Analysts Set New Price Targets

Several brokerages have issued reports on LOW. Sanford C. Bernstein boosted their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Guggenheim reaffirmed a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Evercore ISI upped their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $279.71.

About Lowe's Companies

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.