Congress Park Capital LLC Sells 75 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Congress Park Capital LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,231 shares of the home improvement retailer’s stock after selling 75 shares during the quarter. Congress Park Capital LLC’s holdings in Lowe’s Companies were worth $274,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp grew its holdings in Lowe’s Companies by 1.5% during the second quarter. State Street Corp now owns 25,223,923 shares of the home improvement retailer’s stock valued at $5,693,039,000 after purchasing an additional 374,457 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Lowe’s Companies by 21.3% during the 4th quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock worth $2,329,237,000 after buying an additional 2,050,089 shares during the period. Norges Bank acquired a new position in Lowe’s Companies in the 4th quarter valued at $1,461,267,000. Northern Trust Corp raised its holdings in Lowe’s Companies by 1.1% in the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock worth $1,483,733,000 after acquiring an additional 78,901 shares during the period. Finally, Moneta Group Investment Advisors LLC lifted its position in Lowe’s Companies by 107,710.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock worth $1,012,147,000 after acquiring an additional 5,075,327 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Evercore ISI lifted their price target on Lowe’s Companies from $250.00 to $270.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Barclays increased their price objective on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $251.60.

View Our Latest Analysis on LOW

Lowe’s Companies Stock Performance

LOW opened at $254.73 on Monday. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The firm has a market cap of $145.75 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.88 and a beta of 1.13. The firm’s 50-day simple moving average is $233.60 and its 200-day simple moving average is $216.32.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company’s revenue was down 17.1% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.73%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Lowe’s Companies Company Profile

(Free Report)

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, d├ęcor, and electrical.

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

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