Threadgill Financial LLC Raises Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Threadgill Financial LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,359 shares of the home improvement retailer’s stock after buying an additional 75 shares during the quarter. Lowe’s Companies comprises 4.9% of Threadgill Financial LLC’s investment portfolio, making the stock its 7th largest position. Threadgill Financial LLC’s holdings in Lowe’s Companies were worth $7,424,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp raised its stake 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 buying an additional 374,457 shares during the last quarter. Morgan Stanley raised its stake in Lowe’s Companies by 21.3% during the fourth quarter. Morgan Stanley now owns 11,690,606 shares of the home improvement retailer’s stock valued at $2,329,237,000 after buying an additional 2,050,089 shares during the last quarter. Norges Bank purchased a new position in Lowe’s Companies during the fourth quarter valued at $1,461,267,000. Northern Trust Corp raised its stake in Lowe’s Companies by 1.1% during the third quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after buying an additional 78,901 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in Lowe’s Companies by 107,710.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,080,039 shares of the home improvement retailer’s stock valued at $1,012,147,000 after buying an additional 5,075,327 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Up 0.8 %

Shares of LOW opened at $253.33 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49. The stock has a fifty day moving average price of $231.47 and a 200-day moving average price of $215.72. The firm has a market cap of $144.95 billion, a PE ratio of 19.25, a P/E/G ratio of 1.86 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 51.42% and a net margin of 8.94%. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

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 given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LOW. UBS Group lifted their target price on Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus lowered their price objective on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and an average target price of $251.60.

About Lowe’s Companies

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, décor, and electrical.