Janiczek Wealth Management LLC Lowers Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Janiczek Wealth Management LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 842 shares of the home improvement retailer’s stock after selling 53 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Lowe’s Companies were worth $187,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Cerity Partners LLC lifted its position in Lowe’s Companies by 14.7% during the fourth quarter. Cerity Partners LLC now owns 134,949 shares of the home improvement retailer’s stock valued at $30,033,000 after acquiring an additional 17,277 shares during the last quarter. Priebe Wealth Holdings LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at approximately $1,072,000. Financial Counselors Inc. increased its stake in Lowe’s Companies by 0.6% during the 4th quarter. Financial Counselors Inc. now owns 46,798 shares of the home improvement retailer’s stock valued at $10,415,000 after purchasing an additional 278 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Lowe’s Companies by 3.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 10,298 shares of the home improvement retailer’s stock worth $2,292,000 after buying an additional 370 shares during the last quarter. Finally, Leeward Financial Partners LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth $345,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LOW. Morgan Stanley raised their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Evercore ISI raised their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a report on Tuesday, April 2nd. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, UBS Group raised their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $252.33.

Lowe’s Companies Stock Down 1.4 %

NYSE:LOW traded down $3.23 on Friday, hitting $232.21. The stock had a trading volume of 145,791 shares, compared to its average volume of 2,553,292. The stock has a market cap of $132.87 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.75 and a beta of 1.13. The company has a fifty day moving average price of $238.46 and a two-hundred day moving average price of $217.73. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. Lowe’s Companies’s revenue was down 17.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.28 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.89%. Lowe’s Companies’s payout ratio is 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.