Goepper Burkhardt LLC Decreases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Goepper Burkhardt LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,202 shares of the home improvement retailer’s stock after selling 50 shares during the period. Goepper Burkhardt LLC’s holdings in Lowe’s Companies were worth $297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. Norges Bank acquired a new position in Lowe’s Companies during the 4th quarter valued at approximately $1,842,954,000. Raymond James Financial Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at $314,435,000. Strategic Financial Concepts LLC increased its position in shares of Lowe’s Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after acquiring an additional 1,223,116 shares during the period. Amundi raised its stake in Lowe’s Companies by 60.1% in the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after acquiring an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in Lowe’s Companies by 42,529.8% during the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock worth $208,843,000 after acquiring an additional 844,217 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $228.20 on Monday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The firm has a market capitalization of $127.73 billion, a PE ratio of 19.03, a P/E/G ratio of 1.96 and a beta of 1.12. The business’s 50 day moving average price is $245.57 and its 200-day moving average price is $257.38.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.02%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LOW shares. Stifel Nicolaus raised their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Sanford C. Bernstein raised their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.71.

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.