Wynn Capital LLC Invests $824,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Wynn Capital LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, HoldingsChannel reports. The fund bought 3,704 shares of the home improvement retailer’s stock, valued at approximately $824,000.

Other large investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. purchased a new stake in Lowe’s Companies in the 4th quarter worth approximately $25,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC raised its stake 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 worth $32,000 after buying an additional 70 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Robert W. Baird raised Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price for the company in a research note on Wednesday, February 14th. Stifel Nicolaus reduced their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. JPMorgan Chase & Co. upped their target price on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Down 1.4 %

LOW traded down $3.25 on Wednesday, reaching $230.31. The company’s stock had a trading volume of 1,484,364 shares, compared to its average volume of 2,520,125. The stock has a 50 day moving average of $239.82 and a two-hundred day moving average of $219.35. The company has a market capitalization of $131.78 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.71 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 issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis. As a group, analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

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.