Hillsdale Investment Management Inc. Has $372,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Hillsdale Investment Management Inc. decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 29.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,460 shares of the home improvement retailer’s stock after selling 600 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Lowe’s Companies were worth $372,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Lowe’s Companies by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 53,693,630 shares of the home improvement retailer’s stock worth $13,677,378,000 after purchasing an additional 2,674,372 shares during the last quarter. Norges Bank bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $1,638,746,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Lowe’s Companies by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock worth $714,637,000 after acquiring an additional 41,451 shares during the period. Schroder Investment Management Group boosted its stake in shares of Lowe’s Companies by 1.9% during the 4th quarter. Schroder Investment Management Group now owns 2,851,127 shares of the home improvement retailer’s stock worth $634,518,000 after acquiring an additional 52,859 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $430,090,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $246.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. DA Davidson reduced their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. Zelman & Associates restated a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Finally, StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 17th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $250.04.

Lowe’s Companies Trading Up 0.7 %

LOW traded up $1.75 on Monday, reaching $240.27. The stock had a trading volume of 2,228,001 shares, compared to its average volume of 2,551,184. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm has a 50-day moving average of $223.67 and a 200-day moving average of $228.99. The company has a market capitalization of $136.91 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business had revenue of $21.36 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the prior year, the firm earned $3.67 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

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.