Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,642 shares of the home improvement retailer’s stock after selling 2,116 shares during the quarter. Yousif Capital Management LLC’s holdings in Lowe’s Companies were worth $26,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Wetzel Investment Advisors Inc. acquired a new stake in Lowe’s Companies in the fourth quarter valued at $25,000. Orion Capital Management LLC purchased a new position in Lowe’s Companies in the third quarter valued at about $26,000. VisionPoint Advisory Group LLC lifted its position in shares of Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research analyst reports. 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 research report on Thursday, January 4th. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Wedbush increased their price target on shares of Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada lifted their price objective on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Trading Up 1.1 %

NYSE:LOW traded up $2.46 on Tuesday, hitting $233.69. 2,189,739 shares of the stock were exchanged, compared to its average volume of 2,533,403. The stock has a fifty day moving average of $239.82 and a 200-day moving average of $219.35. The stock has a market cap of $133.72 billion, a PE ratio of 17.76, a PEG ratio of 1.70 and a beta of 1.13. 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 posted 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 net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter in the prior year, the company earned $2.28 EPS. The company’s revenue was down 17.1% on a year-over-year basis. As a group, analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared 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 1.88%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

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.