Cobiz Wealth LLC Has $7.54 Million Holdings in Lowe’s Companies, Inc. (LOW)

Cobiz Wealth LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the 1st quarter, HoldingsChannel reports. The fund owned 65,501 shares of the home improvement retailer’s stock after selling 921 shares during the quarter. Lowe’s Companies comprises 1.4% of Cobiz Wealth LLC’s holdings, making the stock its 29th biggest position. Cobiz Wealth LLC’s holdings in Lowe’s Companies were worth $7,541,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LOW. North Star Investment Management Corp. increased its position in Lowe’s Companies by 2.4% during the first quarter. North Star Investment Management Corp. now owns 3,796 shares of the home improvement retailer’s stock valued at $416,000 after acquiring an additional 90 shares during the last quarter. Arlington Partners LLC increased its position in Lowe’s Companies by 7.6% during the first quarter. Arlington Partners LLC now owns 1,301 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 92 shares during the last quarter. Bollard Group LLC increased its position in Lowe’s Companies by 0.5% during the fourth quarter. Bollard Group LLC now owns 21,022 shares of the home improvement retailer’s stock valued at $1,942,000 after acquiring an additional 103 shares during the last quarter. Howe & Rusling Inc. increased its position in Lowe’s Companies by 13.3% during the fourth quarter. Howe & Rusling Inc. now owns 938 shares of the home improvement retailer’s stock valued at $87,000 after acquiring an additional 110 shares during the last quarter. Finally, Vaughan David Investments LLC IL increased its position in Lowe’s Companies by 2.1% during the fourth quarter. Vaughan David Investments LLC IL now owns 5,869 shares of the home improvement retailer’s stock valued at $542,000 after acquiring an additional 118 shares during the last quarter. 75.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of LOW opened at $117.18 on Tuesday. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. The stock has a market capitalization of $92.69 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.34 and a beta of 1.27. Lowe’s Companies, Inc. has a 52 week low of $81.16 and a 52 week high of $117.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 37.35%.

LOW has been the subject of a number of research reports. Wedbush upped their price objective on Lowe’s Companies from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. Barclays cut Lowe’s Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $120.00 to $105.00 in a research report on Wednesday, January 9th. Evercore ISI initiated coverage on Lowe’s Companies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $120.00 price objective for the company. Robert W. Baird upped their price objective on Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a research report on Wednesday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $114.52.

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Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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