Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,918 shares of the home improvement retailer’s stock after purchasing an additional 238 shares during the period. Fidelis Capital Partners LLC’s holdings in Lowe’s Companies were worth $872,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hamilton Capital LLC raised its holdings in shares of Lowe’s Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock worth $507,000 after purchasing an additional 49 shares during the period. Abundance Wealth Counselors boosted its position in Lowe’s Companies by 0.8% during the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after purchasing an additional 50 shares during the period. YHB Investment Advisors Inc. boosted its position in Lowe’s Companies by 0.6% during the 4th quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after purchasing an additional 50 shares during the period. Thomasville National Bank raised its stake in Lowe’s Companies by 0.4% during the 4th quarter. Thomasville National Bank now owns 11,803 shares of the home improvement retailer’s stock valued at $2,627,000 after acquiring an additional 52 shares in the last quarter. Finally, Stonegate Investment Group LLC raised its stake in shares of Lowe’s Companies by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 10,338 shares of the home improvement retailer’s stock worth $2,301,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price 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 boosted their price target on Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. 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 research report on Tuesday. Barclays boosted their price objective on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Finally, Zelman & Associates restated a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Performance

LOW traded up $2.34 on Friday, hitting $231.13. 411,491 shares of the company were exchanged, compared to its average volume of 2,523,029. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The firm has a fifty day simple moving average of $239.46 and a two-hundred day simple moving average of $218.46. The stock has a market capitalization of $132.25 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates 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 revenue was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.28 EPS. On average, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 33.43%.

Lowe’s Companies Company 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.