4,743 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Opinicus Capital Inc.

Opinicus Capital Inc. bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,743 shares of the home improvement retailer’s stock, valued at approximately $1,056,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Private Management Group Inc. increased its position in shares of Lowe’s Companies by 4.0% during the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after purchasing an additional 46 shares during the period. First Command Advisory Services Inc. increased its position in shares of Lowe’s Companies by 1.9% during the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after purchasing an additional 48 shares during the period. Hamilton Capital LLC increased its position in shares of Lowe’s Companies by 2.1% during the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after purchasing an additional 49 shares during the period. Abundance Wealth Counselors boosted its stake in Lowe’s Companies by 0.8% in the 4th quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after buying an additional 50 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its position in Lowe’s Companies by 0.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after acquiring an additional 50 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 0.0 %

Lowe’s Companies stock traded down $0.09 during mid-day trading on Friday, hitting $229.87. The stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The stock has a 50-day simple moving average of $239.98 and a two-hundred day simple moving average of $219.70. The stock has a market capitalization of $131.53 billion, a PE ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis. Sell-side analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LOW shares. Morgan Stanley upped their price target on Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. UBS Group upped their price target on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. DA Davidson reiterated a “neutral” rating and issued a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. JPMorgan Chase & Co. upped their price target on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Evercore ISI lowered their price target on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.