Rodgers & Associates LTD Has $3.96 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Rodgers & Associates LTD lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,813 shares of the home improvement retailer’s stock after selling 143 shares during the quarter. Rodgers & Associates LTD’s holdings in Lowe’s Companies were worth $3,964,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Park Place Capital Corp grew its stake in shares of Lowe’s Companies by 8.8% in the third quarter. Park Place Capital Corp now owns 716 shares of the home improvement retailer’s stock valued at $149,000 after buying an additional 58 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of Lowe’s Companies by 1.1% during the 3rd quarter. Strategic Blueprint LLC now owns 9,118 shares of the home improvement retailer’s stock worth $1,895,000 after purchasing an additional 101 shares during the last quarter. Caprock Group LLC lifted its stake in Lowe’s Companies by 4.7% in the 3rd quarter. Caprock Group LLC now owns 5,771 shares of the home improvement retailer’s stock valued at $1,200,000 after purchasing an additional 258 shares during the last quarter. CX Institutional grew its holdings in Lowe’s Companies by 693.8% during the third quarter. CX Institutional now owns 28,830 shares of the home improvement retailer’s stock worth $5,992,000 after purchasing an additional 25,198 shares during the period. Finally, DeDora Capital Inc. increased its position in Lowe’s Companies by 17.1% during the third quarter. DeDora Capital Inc. now owns 1,865 shares of the home improvement retailer’s stock worth $388,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Oppenheimer reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. The Goldman Sachs Group boosted their price objective on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Citigroup lifted their price target on Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Finally, Morgan Stanley increased their price objective on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $0.33 on Thursday, hitting $229.96. The stock had a trading volume of 1,984,976 shares, compared to its average volume of 2,513,587. The stock has a 50 day moving average of $239.92 and a 200 day moving average of $219.50. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a market capitalization of $131.58 billion, a P/E ratio of 17.47, a PEG ratio of 1.73 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.28 earnings per share. Equities analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

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.