Lowe's Companies, Inc. (LOW) Position Lowered by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its stake in Lowe's Companies, Inc. (NYSE:LOW) by 44.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,277 shares of the home improvement retailer’s stock after selling 4,235 shares during the period. GSA Capital Partners LLP’s holdings in Lowe's Companies were worth $375,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. North Star Investment Management Corp. raised its position in Lowe's Companies by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 230 shares in the last quarter. Mycio Wealth Partners LLC raised its position in Lowe's Companies by 5.4% in the third quarter. Mycio Wealth Partners LLC now owns 1,385 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 71 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in Lowe's Companies by 68.0% in the third quarter. Kistler Tiffany Companies LLC now owns 1,482 shares of the home improvement retailer’s stock valued at $107,000 after buying an additional 600 shares in the last quarter. CLS Investments LLC raised its position in Lowe's Companies by 17.2% in the fourth quarter. CLS Investments LLC now owns 1,832 shares of the home improvement retailer’s stock valued at $130,000 after buying an additional 269 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in Lowe's Companies by 96.9% in the third quarter. Penserra Capital Management LLC now owns 1,892 shares of the home improvement retailer’s stock valued at $136,000 after buying an additional 931 shares in the last quarter. 74.46% of the stock is owned by hedge funds and other institutional investors.

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

Lowe's Companies, Inc. (NYSE:LOW) opened at 82.21 on Friday. The company has a market capitalization of $71.19 billion, a P/E ratio of 23.69 and a beta of 1.28. Lowe's Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $84.00. The company’s 50 day moving average price is $78.53 and its 200-day moving average price is $73.12.

Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, March 1st. The home improvement retailer reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.07. Lowe's Companies had a return on equity of 46.46% and a net margin of 3.91%. The firm earned $15.78 billion during the quarter, compared to analysts’ expectations of $15.39 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. Equities research analysts expect that Lowe's Companies, Inc. will post $4.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.70%. Lowe's Companies’s dividend payout ratio (DPR) is presently 51.28%.

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A number of equities analysts have weighed in on the company. Credit Suisse Group AG set a $72.00 target price on Lowe's Companies and gave the stock a “buy” rating in a research report on Thursday, December 1st. Zacks Investment Research raised Lowe's Companies from a “sell” rating to a “hold” rating in a research report on Friday, December 9th. Royal Bank of Canada boosted their target price on Lowe's Companies from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, December 8th. Jefferies Group LLC reissued a “hold” rating and issued a $69.00 target price (down previously from $81.00) on shares of Lowe's Companies in a research report on Tuesday, December 6th. Finally, BTIG Research reissued a “buy” rating and issued a $80.00 target price on shares of Lowe's Companies in a research report on Sunday, December 4th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the stock. Lowe's Companies has a consensus rating of “Hold” and a consensus target price of $82.52.

In related news, insider Nelson B. Peace sold 3,568 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $81.30, for a total transaction of $290,078.40. Following the completion of the sale, the insider now owns 5,860 shares in the company, valued at $476,418. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert A. Niblock sold 447,000 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $81.07, for a total value of $36,238,290.00. Following the sale, the chairman now owns 479,507 shares of the company’s stock, valued at approximately $38,873,632.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 490,505 shares of company stock valued at $39,758,270. 0.39% of the stock is owned by company insiders.

Lowe's Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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