Wedge Capital Management L L P NC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the first quarter, Holdings Channel reports. The fund owned 163,825 shares of the home improvement retailer’s stock after acquiring an additional 1,969 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Lowe’s Companies were worth $17,934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clarfeld Financial Advisors LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $26,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter worth $33,000. Lee Financial Co lifted its holdings in shares of Lowe’s Companies by 54.3% during the 1st quarter. Lee Financial Co now owns 358 shares of the home improvement retailer’s stock worth $39,000 after acquiring an additional 126 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Lowe’s Companies by 110.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 440 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 231 shares during the last quarter. Finally, Lenox Wealth Management Inc. lifted its holdings in shares of Lowe’s Companies by 91.3% during the 1st quarter. Lenox Wealth Management Inc. now owns 440 shares of the home improvement retailer’s stock worth $48,000 after acquiring an additional 210 shares during the last quarter. 76.66% of the stock is owned by institutional investors.

Several analysts have weighed in on the stock. Morgan Stanley boosted their price target on shares of Lowe’s Companies from $115.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Citigroup boosted their price target on shares of Lowe’s Companies from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wedbush boosted their price target on shares of Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Finally, ValuEngine raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $114.52.

LOW stock opened at $109.02 on Friday. Lowe’s Companies, Inc. has a 12-month low of $84.75 and a 12-month high of $118.23. The stock has a market capitalization of $86.77 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.27 and a beta of 1.26. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.11 and a current ratio of 0.98.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm had revenue of $15.65 billion for the quarter, compared to analysts’ expectations of $15.75 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 6.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 37.35%.

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About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

Further Reading: Real Estate Investment Trust (REIT) ETF

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

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