Vantage Financial Partners Ltd. Inc. Sells 900 Shares of Lowe’s (LOW)

Vantage Financial Partners Ltd. Inc. lowered its holdings in shares of Lowe’s (NYSE:LOW) by 28.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,300 shares of the home improvement retailer’s stock after selling 900 shares during the quarter. Vantage Financial Partners Ltd. Inc.’s holdings in Lowe’s were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Magellan Asset Management Ltd raised its holdings in shares of Lowe’s by 4.5% during the 4th quarter. Magellan Asset Management Ltd now owns 24,499,155 shares of the home improvement retailer’s stock valued at $2,276,951,000 after purchasing an additional 1,059,347 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Lowe’s by 40.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock valued at $1,210,613,000 after purchasing an additional 4,351,830 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lowe’s by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 9,116,711 shares of the home improvement retailer’s stock valued at $845,590,000 after purchasing an additional 187,857 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Lowe’s by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 8,540,774 shares of the home improvement retailer’s stock valued at $793,780,000 after purchasing an additional 208,072 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in shares of Lowe’s by 18.0% during the 4th quarter. OppenheimerFunds Inc. now owns 6,044,731 shares of the home improvement retailer’s stock valued at $561,798,000 after purchasing an additional 920,015 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Lowe’s from an “underperform” rating to an “outperform” rating in a research note on Monday, January 22nd. Credit Suisse Group set a $111.00 target price on shares of Lowe’s and gave the company a “buy” rating in a research note on Monday. Telsey Advisory Group upgraded shares of Lowe’s from a “market perform” rating to an “outperform” rating and raised their target price for the company from $83.00 to $124.00 in a research note on Thursday, January 25th. Jefferies Group upgraded shares of Lowe’s from a “hold” rating to a “buy” rating and raised their target price for the company from $81.00 to $129.00 in a research note on Monday, February 5th. Finally, Loop Capital assumed coverage on shares of Lowe’s in a research note on Thursday, March 1st. They issued a “hold” rating and a $88.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $99.00.

Lowe’s opened at $85.15 on Tuesday, MarketBeat reports. The stock has a market cap of $72.58 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. Lowe’s has a 52 week low of $85.15 and a 52 week high of $85.15. The company has a quick ratio of 0.11, a current ratio of 1.06 and a debt-to-equity ratio of 2.65.

Lowe’s (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 28th. The home improvement retailer reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.13). The business had revenue of $15.49 billion for the quarter, compared to the consensus estimate of $15.34 billion. Lowe’s had a return on equity of 65.17% and a net margin of 5.02%. Lowe’s’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share. equities research analysts expect that Lowe’s will post 5.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 9th. Stockholders of record on Wednesday, April 25th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, April 24th. Lowe’s’s payout ratio is 37.36%.

Lowe’s declared that its board has approved a share repurchase program on Friday, January 26th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Lowe’s Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s (NYSE:LOW).

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

Receive News & Ratings for Lowe's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply