Courier Capital LLC Sells 168 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Courier Capital LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,012 shares of the home improvement retailer’s stock after selling 168 shares during the period. Courier Capital LLC’s holdings in Lowe’s Companies were worth $6,012,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at about $26,000. VisionPoint Advisory Group LLC raised its stake in shares of Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Lowe’s Companies during the fourth quarter valued at about $35,000. Itau Unibanco Holding S.A. bought a new position in shares of Lowe’s Companies during the third quarter valued at about $40,000. Finally, True Wealth Design LLC bought a new position in shares of Lowe’s Companies during the fourth quarter valued at about $42,000. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on LOW shares. JPMorgan Chase & Co. upped their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Wednesday. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, February 14th. Wells Fargo & Company increased their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Finally, The Goldman Sachs Group increased their price target on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $251.60.

Lowe’s Companies Stock Up 0.8 %

NYSE:LOW opened at $253.33 on Thursday. The company’s 50 day moving average price is $231.47 and its 200-day moving average price is $215.72. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The stock has a market cap of $144.95 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.86 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

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.