Opinicus Capital Inc. Buys Shares of 4,743 Lowe’s Companies, Inc. (NYSE:LOW)

Opinicus Capital Inc. bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,743 shares of the home improvement retailer’s stock, valued at approximately $1,056,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Management Group Inc. boosted its stake in Lowe’s Companies by 4.0% during the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock worth $268,000 after buying an additional 46 shares during the period. First Command Advisory Services Inc. boosted its stake in shares of Lowe’s Companies by 1.9% in the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock valued at $576,000 after purchasing an additional 48 shares during the period. Hamilton Capital LLC boosted its stake in shares of Lowe’s Companies by 2.1% in the third quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after purchasing an additional 49 shares during the period. Abundance Wealth Counselors boosted its stake in shares of Lowe’s Companies by 0.8% in the fourth quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after purchasing an additional 50 shares during the period. Finally, YHB Investment Advisors Inc. boosted its stake in shares of Lowe’s Companies by 0.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock valued at $2,006,000 after purchasing an additional 50 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of several recent research reports. Morgan Stanley raised their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Royal Bank of Canada lifted their price target on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Barclays raised their price objective on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Finally, Mizuho assumed coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective on the stock. Fifteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Trading Down 0.0 %

NYSE:LOW traded down $0.09 during trading hours on Friday, hitting $229.87. The stock had a trading volume of 2,001,196 shares, compared to its average volume of 2,110,073. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The business has a 50 day simple moving average of $239.98 and a two-hundred day simple moving average of $219.70. The company has a market cap of $131.53 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the company earned $2.28 earnings per share. Lowe’s Companies’s revenue for the quarter was down 17.1% on a year-over-year basis. Research analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal 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 paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Lowe’s Companies Company 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.