Yousif Capital Management LLC Has $26.85 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Yousif Capital Management LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 120,642 shares of the home improvement retailer’s stock after selling 2,116 shares during the period. Yousif Capital Management LLC’s holdings in Lowe’s Companies were worth $26,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $619,000. Linden Thomas Advisory Services LLC increased its stake in Lowe’s Companies by 10.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,758 shares of the home improvement retailer’s stock valued at $1,727,000 after buying an additional 721 shares during the period. Parkside Financial Bank & Trust lifted its position in Lowe’s Companies by 5.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 8,991 shares of the home improvement retailer’s stock worth $2,001,000 after buying an additional 460 shares in the last quarter. SlateStone Wealth LLC boosted its stake in shares of Lowe’s Companies by 6.2% during the 4th quarter. SlateStone Wealth LLC now owns 1,673 shares of the home improvement retailer’s stock valued at $372,000 after buying an additional 97 shares during the period. Finally, Stockman Wealth Management Inc. grew its holdings in shares of Lowe’s Companies by 2.4% during the 4th quarter. Stockman Wealth Management Inc. now owns 28,062 shares of the home improvement retailer’s stock valued at $6,245,000 after acquiring an additional 654 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 1.1 %

NYSE LOW traded up $2.46 during midday trading on Tuesday, hitting $233.69. The company had a trading volume of 2,189,739 shares, compared to its average volume of 2,533,403. The firm has a fifty day simple moving average of $239.82 and a two-hundred day simple moving average of $219.35. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market cap of $133.72 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period last year, the business earned $2.28 earnings per share. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.88%. Lowe’s Companies’s payout ratio is 33.43%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LOW. Evercore ISI cut their price objective on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Oppenheimer reissued a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Monday, March 4th. JPMorgan Chase & Co. increased their price objective on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Royal Bank of Canada lifted their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Finally, Citigroup increased their price target on shares of Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.