Bryn Mawr Capital Management LLC Grows Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Bryn Mawr Capital Management LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,433 shares of the home improvement retailer’s stock after purchasing an additional 115 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Lowe’s Companies were worth $6,105,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. purchased a new position in Lowe’s Companies in the 4th quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new position in Lowe’s Companies in the 3rd quarter valued at approximately $26,000. VisionPoint Advisory Group LLC increased its stake in Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies in the 3rd quarter valued at approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Lowe’s Companies in the 4th quarter valued at approximately $47,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of analyst reports. UBS Group increased their target price on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price 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 increased their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Morgan Stanley increased their target price on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Citigroup increased their target price on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a report on Wednesday, February 21st. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Lowe’s Companies has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Trading Down 0.0 %

Shares of Lowe’s Companies stock opened at $229.87 on Friday. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a market capitalization of $131.53 billion, a P/E ratio of 17.47, a PEG ratio of 1.70 and a beta of 1.13. The business’s fifty day moving average price is $239.98 and its 200 day moving average price is $219.70.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping 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 business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

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