Lowe’s Companies, Inc. (NYSE:LOW) Stake Increased by Chicago Capital LLC

Chicago Capital LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 355,404 shares of the home improvement retailer’s stock after purchasing an additional 3,180 shares during the quarter. Lowe’s Companies comprises about 3.1% of Chicago Capital LLC’s holdings, making the stock its 7th biggest holding. Chicago Capital LLC owned 0.05% of Lowe’s Companies worth $71,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOW. Trust Investment Advisors raised its holdings in Lowe’s Companies by 0.9% in the fourth quarter. Trust Investment Advisors now owns 4,702 shares of the home improvement retailer’s stock worth $1,215,000 after purchasing an additional 43 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in Lowe’s Companies by 0.5% in the fourth quarter. YHB Investment Advisors Inc. now owns 9,802 shares of the home improvement retailer’s stock worth $2,534,000 after purchasing an additional 45 shares in the last quarter. Oldfather Financial Services LLC raised its holdings in Lowe’s Companies by 4.8% in the fourth quarter. Oldfather Financial Services LLC now owns 1,021 shares of the home improvement retailer’s stock worth $232,000 after purchasing an additional 47 shares in the last quarter. Keel Point LLC raised its holdings in Lowe’s Companies by 2.0% in the fourth quarter. Keel Point LLC now owns 2,483 shares of the home improvement retailer’s stock worth $642,000 after purchasing an additional 49 shares in the last quarter. Finally, CCM Investment Advisers LLC raised its holdings in Lowe’s Companies by 2.0% in the fourth quarter. CCM Investment Advisers LLC now owns 2,490 shares of the home improvement retailer’s stock worth $643,000 after purchasing an additional 50 shares in the last quarter. 75.46% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies stock opened at $177.36 on Friday. Lowe’s Companies, Inc. has a 12 month low of $170.12 and a 12 month high of $263.31. The stock’s 50 day simple moving average is $189.09 and its two-hundred day simple moving average is $214.92. The firm has a market cap of $113.36 billion, a PE ratio of 14.45, a P/E/G ratio of 1.08 and a beta of 1.25.

Lowe’s Companies (NYSE:LOW – Get Rating) last released its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 EPS for the quarter, topping the consensus estimate of $3.22 by $0.29. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The business had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. During the same quarter in the prior year, the firm posted $3.21 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 13.51 earnings per share for the current fiscal year.

The business 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 2.37%. The ex-dividend date of this dividend is Tuesday, July 19th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.80. Lowe’s Companies’s dividend payout ratio is currently 26.08%.

A number of brokerages have commented on LOW. Wedbush reduced their target price on shares of Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. OTR Global lowered Lowe’s Companies to a “positive” rating in a research note on Tuesday, May 10th. Jefferies Financial Group dropped their price target on Lowe’s Companies from $290.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. Evercore ISI dropped their price target on Lowe’s Companies to $245.00 in a research note on Thursday, June 9th. Finally, JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $228.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $240.16.

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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