Vectors Research Management LLC Sells 675 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Vectors Research Management LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,256 shares of the home improvement retailer’s stock after selling 675 shares during the period. Vectors Research Management LLC’s holdings in Lowe’s Companies were worth $1,544,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in Lowe’s Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after purchasing an additional 24,812 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Lowe’s Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after buying an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Lowe’s Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after buying an additional 4,435 shares during the period. Nations Financial Group Inc. IA ADV grew its position in Lowe’s Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after buying an additional 501 shares in the last quarter. Finally, World Investment Advisors increased its stake in Lowe’s Companies by 11.0% during the 4th quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer’s stock worth $6,498,000 after acquiring an additional 2,615 shares during the period. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent analyst reports. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. DA Davidson reiterated a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, April 16th. Bank of America decreased their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Tuesday, April 15th. Finally, Royal Bank of Canada decreased their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Stock Performance

LOW stock opened at $219.01 on Monday. The company has a market capitalization of $122.58 billion, a P/E ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07. The company has a fifty day moving average price of $232.59 and a 200-day moving average price of $252.50. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01.

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 negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Lowe’s Companies Profile

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.