Lowe’s Companies, Inc. (NYSE:LOW) Stake Trimmed by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 18.9% during the fourth quarter, HoldingsChannel reports. The firm owned 2,657 shares of the home improvement retailer’s stock after selling 620 shares during the period. Horan Capital Advisors LLC.’s holdings in Lowe’s Companies were worth $591,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LOW. Wetzel Investment Advisors Inc. acquired a new stake in Lowe’s Companies during the 4th quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC boosted its position in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Lowe’s Companies during the 3rd quarter worth about $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Lowe’s Companies during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LOW shares. Royal Bank of Canada raised their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Stifel Nicolaus decreased their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. lifted their price target on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. The Goldman Sachs Group lifted their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Morgan Stanley lifted their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $232.13 on Friday. The business’s fifty day moving average price is $240.07 and its two-hundred day moving average price is $220.75. 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 capitalization of $132.82 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15.

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

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) 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.