CAPROCK Group Inc. Acquires 239 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

CAPROCK Group Inc. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 4.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,101 shares of the home improvement retailer’s stock after buying an additional 239 shares during the quarter. CAPROCK Group Inc.’s holdings in Lowe’s Companies were worth $1,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Carlson Capital Management bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $303,000. Aries Wealth Management grew its stake in shares of Lowe’s Companies by 573.5% during the 4th quarter. Aries Wealth Management now owns 33,474 shares of the home improvement retailer’s stock valued at $8,652,000 after purchasing an additional 28,504 shares during the period. Contravisory Investment Management Inc. grew its stake in shares of Lowe’s Companies by 8.2% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,850 shares of the home improvement retailer’s stock valued at $374,000 after purchasing an additional 140 shares during the period. Blueprint Investment Partners LLC grew its stake in shares of Lowe’s Companies by 38.5% during the 4th quarter. Blueprint Investment Partners LLC now owns 3,919 shares of the home improvement retailer’s stock valued at $1,013,000 after purchasing an additional 1,090 shares during the period. Finally, Sand Hill Global Advisors LLC grew its stake in shares of Lowe’s Companies by 22.0% during the 4th quarter. Sand Hill Global Advisors LLC now owns 1,358 shares of the home improvement retailer’s stock valued at $351,000 after purchasing an additional 245 shares during the period. Institutional investors own 75.46% of the company’s stock.

A number of research firms have recently weighed in on LOW. Telsey Advisory Group lifted their price objective on Lowe’s Companies from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, February 24th. Wedbush lowered their price objective on Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Citigroup lowered their price objective on Lowe’s Companies from $292.00 to $222.00 in a research report on Friday, May 13th. Gordon Haskett cut Lowe’s Companies from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Finally, UBS Group lowered their price target on Lowe’s Companies from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $242.94.

NYSE LOW opened at $173.60 on Thursday. The company has a market cap of $110.95 billion, a P/E ratio of 14.15, a P/E/G ratio of 1.02 and a beta of 1.25. The business’s 50 day moving average price is $192.47 and its 200-day moving average price is $218.73. Lowe’s Companies, Inc. has a fifty-two week low of $170.12 and a fifty-two week high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last released its earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.29. The firm had revenue of $23.66 billion for the quarter, compared to the consensus estimate of $23.72 billion. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 EPS. On average, research analysts expect that Lowe’s Companies, Inc. will post 13.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 20th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, July 19th. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.80. Lowe’s Companies’s dividend payout ratio is 26.08%.

Lowe’s Companies Company Profile (Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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