Hexagon Capital Partners LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 1.8% during the first quarter, Holdings Channel.com reports. The firm owned 4,860 shares of the home improvement retailer’s stock after buying an additional 88 shares during the period. Hexagon Capital Partners LLC’s holdings in Lowe’s Companies were worth $983,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in LOW. Pure Financial Advisors LLC bought a new position in shares of Lowe’s Companies during the first quarter valued at about $328,000. Carlson Capital Management purchased a new position in Lowe’s Companies during the 4th quarter valued at about $303,000. Aries Wealth Management increased its holdings in Lowe’s Companies by 573.5% during the 4th quarter. Aries Wealth Management now owns 33,474 shares of the home improvement retailer’s stock valued at $8,652,000 after purchasing an additional 28,504 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Lowe’s Companies by 8.2% in the 1st quarter. Contravisory Investment Management Inc. now owns 1,850 shares of the home improvement retailer’s stock worth $374,000 after buying an additional 140 shares during the period. Finally, Blueprint Investment Partners LLC grew its position in shares of Lowe’s Companies by 38.5% in the 4th quarter. Blueprint Investment Partners LLC now owns 3,919 shares of the home improvement retailer’s stock worth $1,013,000 after buying an additional 1,090 shares during the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.
A number of analysts recently commented on LOW shares. Jefferies Financial Group dropped their price target on Lowe’s Companies from $290.00 to $238.00 and set a “buy” rating for the company in a research note on Thursday, May 19th. Gordon Haskett lowered shares of Lowe’s Companies from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Evercore ISI decreased their price target on shares of Lowe’s Companies to $245.00 in a research note on Thursday, June 9th. MKM Partners initiated coverage on Lowe’s Companies in a research report on Thursday. They set a “neutral” rating and a $190.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on Lowe’s Companies from $260.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $240.16.
Lowe’s Companies (NYSE:LOW – Get Rating) last announced its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.29. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The company had revenue of $23.66 billion during the quarter, compared to analyst estimates of $23.72 billion. During the same period in the previous year, the business earned $3.21 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, research analysts forecast that Lowe’s Companies, Inc. will post 13.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th will be issued a dividend of $1.05 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.80. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Tuesday, July 19th. Lowe’s Companies’s dividend payout ratio is presently 26.08%.
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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