Lowe’s Companies, Inc. (LOW) Holdings Trimmed by Livingston Group Asset Management CO operating as Southport Capital Management

Livingston Group Asset Management CO operating as Southport Capital Management decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 6.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,472 shares of the home improvement retailer’s stock after selling 1,239 shares during the period. Lowe’s Companies comprises 0.9% of Livingston Group Asset Management CO operating as Southport Capital Management’s investment portfolio, making the stock its 29th biggest position. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Lowe’s Companies were worth $2,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. North Star Investment Management Corp. grew its position in shares of Lowe’s Companies by 2.4% in the first quarter. North Star Investment Management Corp. now owns 3,796 shares of the home improvement retailer’s stock valued at $416,000 after purchasing an additional 90 shares during the period. Arlington Partners LLC grew its position in shares of Lowe’s Companies by 7.6% in the first quarter. Arlington Partners LLC now owns 1,301 shares of the home improvement retailer’s stock valued at $142,000 after purchasing an additional 92 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Lowe’s Companies by 4.8% in the first quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock valued at $220,000 after purchasing an additional 93 shares during the period. Bollard Group LLC grew its position in shares of Lowe’s Companies by 0.5% in 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 during the period. Finally, Howe & Rusling Inc. grew its position in shares of Lowe’s Companies by 13.3% in 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 during the period. 76.33% of the stock is owned by institutional investors.

LOW opened at $113.74 on Friday. The stock has a market cap of $90.53 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. Lowe’s Companies, Inc. has a twelve month low of $81.16 and a twelve month high of $118.23. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $1.92 annualized dividend and a yield of 1.69%. Lowe’s Companies’s payout ratio is 37.35%.

LOW has been the topic of several research analyst reports. ValuEngine lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Barclays lowered shares of Lowe’s Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $120.00 to $105.00 in a research report on Wednesday, January 9th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 target price on the stock in a research report on Wednesday, January 23rd. Wedbush boosted their price target on shares of Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. Finally, Evercore ISI began coverage on shares of Lowe’s Companies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $120.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Buy” and an average target price of $114.52.

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Lowe’s Companies 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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