Wrapmanager Inc. Trims Position in Lowe’s Companies, Inc. (NYSE:LOW)

Wrapmanager Inc. lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,268 shares of the home improvement retailer’s stock after selling 93 shares during the quarter. Wrapmanager Inc.’s holdings in Lowe’s Companies were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Private Management Group Inc. boosted its stake in shares of Lowe’s Companies by 4.0% in the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after purchasing an additional 46 shares during the period. First Command Advisory Services Inc. lifted its holdings in Lowe’s Companies by 1.9% during the 4th quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after buying an additional 48 shares in the last quarter. Hamilton Capital LLC grew its stake in shares of 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 worth $507,000 after acquiring an additional 49 shares in the last quarter. Abundance Wealth Counselors increased its position in shares of Lowe’s Companies by 0.8% during the fourth quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock worth $1,485,000 after acquiring an additional 50 shares during the period. Finally, YHB Investment Advisors Inc. increased its position in shares of Lowe’s Companies by 0.6% during the fourth quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock worth $2,006,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW traded up $4.13 on Thursday, hitting $236.20. 1,651,555 shares of the company’s stock were exchanged, compared to its average volume of 2,436,139. The firm has a market cap of $135.15 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.72 and a beta of 1.15. The firm’s 50-day moving average price is $239.86 and its two-hundred day moving average price is $221.76. 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:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS 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 company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the company earned $2.28 earnings per share. Lowe’s Companies’s quarterly revenue was down 17.1% compared to the same quarter last year. On average, research analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.86%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley boosted their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. UBS Group raised 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. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research report on Monday, March 4th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.67.

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.