Lowe’s Companies, Inc. (NYSE:LOW) Stake Cut by Stokes Family Office LLC

Stokes Family Office LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 39.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,419 shares of the home improvement retailer’s stock after selling 936 shares during the quarter. Stokes Family Office LLC’s holdings in Lowe’s Companies were worth $316,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LOW. Ontario Teachers Pension Plan Board lifted its stake in Lowe’s Companies by 187,225.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares during the last quarter. International Assets Investment Management LLC bought a new position in Lowe’s Companies during the fourth quarter valued at about $430,090,000. Schroder Investment Management Group boosted its stake in shares of Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after acquiring an additional 1,831,727 shares in the last quarter. Aristotle Capital Management LLC raised its stake in shares of Lowe’s Companies by 143.8% in the 3rd quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock valued at $283,019,000 after acquiring an additional 803,216 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Lowe’s Companies during the third quarter worth approximately $144,530,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded up $2.55 during trading on Friday, reaching $232.13. The company had a trading volume of 1,834,728 shares, compared to its average volume of 2,044,726. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The business’s 50 day moving average price is $240.08 and its 200-day moving average price is $220.52. The stock has a market cap of $132.82 billion, a PE ratio of 17.64, a PEG ratio of 1.70 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 EPS. Equities analysts anticipate 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 given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. Lowe’s Companies’s payout ratio is 33.43%.

Analyst Ratings Changes

Several brokerages recently commented on LOW. Royal Bank of Canada lifted 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 report on Wednesday, February 28th. Stifel Nicolaus cut their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, February 16th. 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 report on Tuesday, April 16th. Zelman & Associates reiterated a “neutral” rating and set a $265.00 price target on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Finally, Wedbush boosted their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.