Ingalls & Snyder LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 8.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,730 shares of the home improvement retailer’s stock after selling 845 shares during the quarter. Ingalls & Snyder LLC’s holdings in Lowe’s Companies were worth $1,165,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of LOW. Atwater Malick LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $26,000. Massey Quick Simon & CO. LLC lifted its holdings in shares of Lowe’s Companies by 268.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 435 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 317 shares during the last quarter. Ellevest Inc. acquired a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $81,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $85,000. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Lowe’s Companies by 32.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 832 shares of the home improvement retailer’s stock worth $100,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.
Shares of LOW opened at $119.52 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $90.23 and a fifty-two week high of $122.88. The firm’s 50 day moving average price is $118.98 and its 200 day moving average price is $110.80. The company has a market cap of $92.03 billion, a P/E ratio of 23.25, a PEG ratio of 1.50 and a beta of 1.28. The company has a quick ratio of 0.13, a current ratio of 1.04 and a debt-to-equity ratio of 8.37.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 20th. The home improvement retailer reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.06. Lowe’s Companies had a net margin of 4.11% and a return on equity of 146.62%. The company had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.69 billion. During the same period in the prior year, the firm posted $1.04 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts forecast that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, January 21st. Lowe’s Companies’s dividend payout ratio is presently 42.80%.
Several brokerages have recently commented on LOW. SunTrust Banks upped their price objective on shares of Lowe’s Companies from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Goldman Sachs Group upped their price objective on shares of Lowe’s Companies from $123.00 to $135.00 in a report on Wednesday, November 27th. ValuEngine lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Wedbush restated an “outperform” rating and issued a $135.00 price objective on shares of Lowe’s Companies in a report on Thursday, November 21st. Finally, Oppenheimer upped their target price on shares of Lowe’s Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Six research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $129.46.
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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