Wedbush Securities Inc. lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 7.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,550 shares of the home improvement retailer’s stock after selling 742 shares during the period. Wedbush Securities Inc.’s holdings in Lowe’s Companies were worth $1,045,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Clarfeld Financial Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter worth $26,000. Prime Capital Investment Advisors LLC bought a new stake in Lowe’s Companies during the first quarter worth $33,000. Capital Financial Planning LLC bought a new stake in Lowe’s Companies during the fourth quarter worth $46,000. CNB Bank bought a new stake in Lowe’s Companies during the fourth quarter worth $46,000. Finally, Ironwood Financial llc lifted its holdings in Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after acquiring an additional 342 shares during the period. 76.33% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on LOW shares. Loop Capital lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Wells Fargo & Co lifted their price target on Lowe’s Companies from $110.00 to $120.00 in a report on Thursday, February 28th. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Zacks Investment Research lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Evercore ISI started coverage on Lowe’s Companies in a report on Wednesday, March 20th. They set an “outperform” rating and a $120.00 price target on the stock. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and an average target price of $114.52.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 return on equity of 80.91% and a net margin of 3.24%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. Research analysts anticipate that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal 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 paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $1.92 annualized dividend and a dividend yield of 1.69%. Lowe’s Companies’s payout ratio is presently 37.35%.
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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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