Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,012 shares of the home improvement retailer’s stock after selling 1,942 shares during the period. Kestra Private Wealth Services LLC’s holdings in Lowe’s Companies were worth $6,679,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC raised its holdings in shares of Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $47,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Gordon Haskett reissued a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Barclays boosted their target price on Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Stifel Nicolaus lowered their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Finally, UBS Group boosted their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Trading Down 0.7 %

NYSE LOW traded down $1.72 on Tuesday, reaching $229.22. The company’s stock had a trading volume of 462,878 shares, compared to its average volume of 2,470,295. The firm has a market cap of $131.16 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The business has a 50-day moving average price of $240.06 and a 200 day moving average price of $220.18.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. Analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm 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 $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.92%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

About Lowe’s Companies

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.