Candriam Luxembourg S.C.A. Cuts Holdings in Lowe’s Companies, Inc. (LOW)

Candriam Luxembourg S.C.A. cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,849 shares of the home improvement retailer’s stock after selling 1,837 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Lowe’s Companies were worth $11,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Bollard Group LLC lifted its holdings in shares of Lowe’s Companies by 0.5% during the fourth quarter. Bollard Group LLC now owns 21,022 shares of the home improvement retailer’s stock valued at $1,942,000 after purchasing an additional 103 shares in the last quarter. Howe & Rusling Inc. lifted its holdings in shares of Lowe’s Companies by 13.3% during the fourth quarter. Howe & Rusling Inc. now owns 938 shares of the home improvement retailer’s stock valued at $87,000 after purchasing an additional 110 shares in the last quarter. Vaughan David Investments LLC IL lifted its holdings in shares of Lowe’s Companies by 2.1% during the fourth quarter. Vaughan David Investments LLC IL now owns 5,869 shares of the home improvement retailer’s stock valued at $542,000 after purchasing an additional 118 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in shares of Lowe’s Companies by 1.6% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,386 shares of the home improvement retailer’s stock valued at $682,000 after purchasing an additional 118 shares in the last quarter. Finally, Dakota Wealth Management lifted its holdings in shares of Lowe’s Companies by 1.2% during the fourth quarter. Dakota Wealth Management now owns 10,542 shares of the home improvement retailer’s stock valued at $1,091,000 after purchasing an additional 120 shares in the last quarter. 75.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LOW traded up $0.92 during trading on Monday, hitting $117.18. The company had a trading volume of 2,985,614 shares, compared to its average volume of 4,635,742. The firm has a market capitalization of $92.69 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.34 and a beta of 1.27. Lowe’s Companies, Inc. has a one year low of $81.16 and a one year high of $117.70. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. As a group, analysts expect that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.35%.

A number of research analysts have recently issued reports on the company. Morgan Stanley upped their price target on Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday. Loop Capital increased their target price on Lowe’s Companies from $99.00 to $102.00 and gave the company a “hold” rating in a report on Wednesday, February 27th. Robert W. Baird increased their target price on Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. ValuEngine downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Wedbush upped their price target on Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $114.52.

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Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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