Planning Directions Inc. lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,122 shares of the home improvement retailer’s stock after buying an additional 210 shares during the period. Planning Directions Inc.’s holdings in Lowe’s Companies were worth $254,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LOW. Atwater Malick LLC purchased a new stake in Lowe’s Companies during the 3rd quarter worth $26,000. Massey Quick Simon & CO. LLC increased its position in shares of Lowe’s Companies by 268.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 435 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 317 shares during the last quarter. Ellevest Inc. bought a new stake in shares of Lowe’s Companies in the 2nd quarter worth about $81,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Lowe’s Companies in the 2nd quarter worth about $85,000. Finally, Contravisory Investment Management Inc. increased its position in shares of Lowe’s Companies by 32.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 832 shares of the home improvement retailer’s stock worth $100,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Shares of NYSE LOW traded down $0.15 during midday trading on Tuesday, hitting $120.90. The company’s stock had a trading volume of 654,623 shares, compared to its average volume of 2,864,786. Lowe’s Companies, Inc. has a 1-year low of $90.23 and a 1-year high of $122.88. The firm’s fifty day moving average price is $118.88 and its 200-day moving average price is $110.60. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04. The firm has a market cap of $92.74 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.51 and a beta of 1.28.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.06. Lowe’s Companies had a net margin of 4.11% and a return on equity of 146.62%. The business had revenue of $17.39 billion during the quarter, compared to analyst estimates of $17.69 billion. During the same period in the previous year, the business posted $1.04 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts predict that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

Several equities research analysts have recently weighed in on LOW shares. Wedbush reissued an “outperform” rating and issued a $135.00 target price on shares of Lowe’s Companies in a research report on Thursday, November 21st. Credit Suisse Group raised shares of Lowe’s Companies from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $114.00 to $129.00 in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their target price on shares of Lowe’s Companies from $141.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their target price on shares of Lowe’s Companies from $123.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, UBS Group boosted their target price on shares of Lowe’s Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and an average price target of $129.46.

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.

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

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