2,348 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Partners in Financial Planning

Partners in Financial Planning purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,348 shares of the home improvement retailer’s stock, valued at approximately $579,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. Norges Bank bought a new position in Lowe’s Companies during the fourth quarter valued at about $1,842,954,000. Raymond James Financial Inc. bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $314,435,000. Strategic Financial Concepts LLC increased its stake in shares of Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after purchasing an additional 1,223,116 shares during the last quarter. Amundi raised its holdings in shares of Lowe’s Companies by 60.1% in the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after purchasing an additional 976,823 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in Lowe’s Companies by 42,529.8% in the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock valued at $208,843,000 after purchasing an additional 844,217 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LOW. Stifel Nicolaus boosted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI increased their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Finally, BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Stock Down 1.7 %

Shares of LOW stock opened at $228.20 on Monday. The firm has a market cap of $127.73 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The business has a 50-day moving average price of $245.57 and a two-hundred day moving average price of $257.38. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

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.