Lowe’s Companies, Inc. (LOW) Holdings Lessened by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the home improvement retailer’s stock after selling 384 shares during the period. Prio Wealth Limited Partnership’s holdings in Lowe’s Companies were worth $1,379,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Clarfeld Financial Advisors LLC bought a new position in Lowe’s Companies during the 4th quarter worth $26,000. Prime Capital Investment Advisors LLC bought a new position in Lowe’s Companies during the 1st quarter worth $33,000. Lee Financial Co grew its stake in Lowe’s Companies by 54.3% during the 1st quarter. Lee Financial Co now owns 358 shares of the home improvement retailer’s stock worth $39,000 after buying an additional 126 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Lowe’s Companies by 110.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 440 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 231 shares during the last quarter. Finally, Lenox Wealth Management Inc. grew its stake in Lowe’s Companies by 91.3% during the 1st quarter. Lenox Wealth Management Inc. now owns 440 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 210 shares during the last quarter. 76.66% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LOW opened at $109.02 on Monday. Lowe’s Companies, Inc. has a 1 year low of $84.75 and a 1 year high of $118.23. The firm has a market capitalization of $86.77 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The company had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.75 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 6.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.92 annualized dividend and a dividend yield of 1.76%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.35%.

A number of research analysts recently commented on LOW shares. Zacks Investment Research downgraded Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Wedbush upped their price objective 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. Evercore ISI started coverage on Lowe’s Companies in a research note on Wednesday, March 20th. They set an “outperform” rating and a $120.00 price objective for the company. Robert W. Baird upped their price objective on Lowe’s Companies from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Lowe’s Companies in a research note on Friday, May 10th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target 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.

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

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