MASTERINVEST Kapitalanlage GmbH Has $3.12 Million Stake in Lowe’s Companies, Inc. $LOW

MASTERINVEST Kapitalanlage GmbH lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 24.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,394 shares of the home improvement retailer’s stock after selling 4,029 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Lowe’s Companies were worth $3,115,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LOW. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies in the second quarter worth $27,000. Solstein Capital LLC increased its stake in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Lowe’s Companies in the second quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC lifted its position in Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 76 shares in the last quarter. Finally, Olistico Wealth LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth about $33,000. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on LOW. HSBC lowered their price objective on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Telsey Advisory Group decreased their price target on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. UBS Group dropped their price objective on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Stifel Nicolaus upped their price objective on Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, December 1st. Finally, Mizuho decreased their price objective on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.52.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $267.38 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $274.98. The firm has a market capitalization of $149.99 billion, a P/E ratio of 22.17, a P/E/G ratio of 4.25 and a beta of 0.96. The company’s 50 day simple moving average is $240.98 and its 200 day simple moving average is $242.54.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.89 EPS. Sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.