Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 2.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 10,082 shares of the home improvement retailer’s stock after selling 216 shares during the period. Harbor Investment Advisory LLC’s holdings in Lowe’s Companies were worth $2,568,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP lifted its holdings in shares of Lowe’s Companies by 201.1% during the third quarter. Dark Forest Capital Management LP now owns 3,180 shares of the home improvement retailer’s stock worth $661,000 after purchasing an additional 2,124 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Lowe’s Companies by 7.8% during the third quarter. Clearbridge Investments LLC now owns 334,712 shares of the home improvement retailer’s stock worth $69,567,000 after purchasing an additional 24,100 shares during the period. Personal CFO Solutions LLC lifted its holdings in shares of Lowe’s Companies by 36.5% during the third quarter. Personal CFO Solutions LLC now owns 4,135 shares of the home improvement retailer’s stock worth $859,000 after purchasing an additional 1,106 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of Lowe’s Companies by 1.1% during the third quarter. Eagle Asset Management Inc. now owns 21,710 shares of the home improvement retailer’s stock worth $4,512,000 after purchasing an additional 232 shares during the period. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in shares of Lowe’s Companies by 3.5% during the third quarter. Jaffetilchin Investment Partners LLC now owns 2,508 shares of the home improvement retailer’s stock worth $521,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of analyst reports. Citigroup decreased their price target on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Morgan Stanley boosted 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. DA Davidson decreased their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Stifel Nicolaus boosted their price target on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th. Finally, Evercore ISI decreased their price target on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating for the company in a report on Wednesday, May 22nd. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and a consensus target price of $251.33.

Check Out Our Latest Report on Lowe’s Companies

Lowe’s Companies Trading Down 0.1 %

NYSE LOW traded down $0.20 on Monday, reaching $228.39. 3,463,028 shares of the company were exchanged, compared to its average volume of 2,458,241. The business’s fifty day moving average price is $226.15 and its 200 day moving average price is $228.08. The stock has a market capitalization of $130.15 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The company had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.67 earnings per share. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 35.34%.

About Lowe’s Companies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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