Peninsula Asset Management Inc. Has $4.49 Million Position in Lowe’s Companies, Inc. (LOW)

Peninsula Asset Management Inc. reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,612 shares of the home improvement retailer’s stock after selling 360 shares during the period. Lowe’s Companies comprises approximately 3.7% of Peninsula Asset Management Inc.’s portfolio, making the stock its 5th biggest holding. Peninsula Asset Management Inc.’s holdings in Lowe’s Companies were worth $4,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. Clarfeld Financial Advisors LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $26,000. CNB Bank purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $46,000. Capital Financial Planning LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $46,000. Ironwood Financial llc boosted its stake in shares of Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock valued at $50,000 after purchasing an additional 342 shares during the period. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Lowe’s Companies by 360.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 512 shares during the period. Institutional investors and hedge funds own 76.33% of the company’s stock.

LOW traded down $3.38 during trading on Friday, reaching $113.74. The stock had a trading volume of 6,321,446 shares, compared to its average volume of 4,314,645. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95. The company has a market cap of $90.53 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. Lowe’s Companies, Inc. has a one year low of $81.16 and a one year high of $118.23.

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, hitting analysts’ consensus estimates of $0.80. The business had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, analysts predict that Lowe’s Companies, Inc. will post 6.06 EPS for the current year.

The company also recently disclosed 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 of this dividend is Tuesday, April 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.69%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.35%.

A number of analysts have recently weighed in on LOW shares. ValuEngine lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Barclays lowered Lowe’s Companies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $120.00 to $105.00 in a research note on Wednesday, January 9th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a research note on Wednesday, January 23rd. Wedbush raised their price target on Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Finally, Evercore ISI began coverage on Lowe’s Companies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $120.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Lowe’s Companies currently has an average rating of “Buy” and a consensus target price of $114.52.

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About Lowe’s Companies

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.

Read More: Intrinsic Value

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

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