Austin Private Wealth LLC Has $209,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Austin Private Wealth LLC cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 12.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 866 shares of the home improvement retailer’s stock after selling 119 shares during the quarter. Austin Private Wealth LLC’s holdings in Lowe’s Companies were worth $209,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new position in shares of Lowe’s Companies in the 4th quarter valued at about $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies during the third quarter worth about $26,000. Tidemark LLC acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. bought a new stake in Lowe’s Companies in the fourth quarter valued at approximately $28,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LOW shares. Zelman & Associates reiterated a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Monday, March 4th. Morgan Stanley increased their target price on Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, May 13th. Fifteen research 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 currently has an average rating of “Hold” and an average target price of $251.33.

Get Our Latest Report on Lowe’s Companies

Lowe’s Companies Trading Down 0.1 %

NYSE LOW traded down $0.20 on Monday, hitting $228.39. 3,463,028 shares of the company were exchanged, compared to its average volume of 2,458,241. The company has a market cap of $130.15 billion, a PE ratio of 18.34, a PEG ratio of 1.74 and a beta of 1.08. The stock has a fifty day moving average of $226.11 and a 200-day moving average of $228.22. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.94 by $0.12. The company had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.67 earnings per share. On average, analysts expect that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

Lowe’s Companies Company Profile

(Free Report)

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.

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

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