Evolution Advisers Inc. Makes New $90,000 Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Evolution Advisers Inc. acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 413 shares of the home improvement retailer’s stock, valued at approximately $90,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Management Group Inc. grew its holdings in shares of Lowe’s Companies by 4.0% during the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after purchasing an additional 46 shares during the last quarter. First Command Advisory Services Inc. boosted its holdings in Lowe’s Companies by 1.9% in the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after acquiring an additional 48 shares during the last quarter. Hamilton Capital LLC boosted its holdings in Lowe’s Companies by 2.1% in the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after acquiring an additional 49 shares during the last quarter. Abundance Wealth Counselors boosted its holdings in Lowe’s Companies by 0.8% in the fourth quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after acquiring an additional 50 shares during the last quarter. Finally, YHB Investment Advisors Inc. boosted its holdings in Lowe’s Companies by 0.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.1 %

LOW traded down $0.33 during trading on Thursday, reaching $229.96. 1,984,976 shares of the company were exchanged, compared to its average volume of 2,513,587. The company’s 50-day moving average is $239.92 and its two-hundred day moving average is $219.50. The company has a market cap of $131.58 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.73 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

Lowe’s Companies (NYSE:LOW) last released 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. 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 quarter last year, the firm posted $2.28 EPS. The company’s revenue was down 17.1% compared to the same quarter last year. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.91%. Lowe’s Companies’s dividend payout ratio is 33.43%.

Analysts Set New Price Targets

LOW has been the topic of several recent analyst reports. UBS Group boosted their price target on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Zelman & Associates reaffirmed a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Wedbush upped their target price on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Evercore ISI lowered their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $252.52.

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.