Rehmann Capital Advisory Group Sells 275 Shares of Lowe’s Companies, Inc. (LOW)

Rehmann Capital Advisory Group lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,702 shares of the home improvement retailer’s stock after selling 275 shares during the period. Rehmann Capital Advisory Group’s holdings in Lowe’s Companies were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LOW. CNB Bank acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $46,000. Ironwood Financial llc increased its position in Lowe’s Companies by 171.0% during the 4th quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after purchasing an additional 342 shares during the period. Contravisory Investment Management Inc. increased its position in Lowe’s Companies by 360.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 512 shares during the period. Mascoma Wealth Management LLC increased its position in Lowe’s Companies by 76.9% during the 4th quarter. Mascoma Wealth Management LLC now owns 690 shares of the home improvement retailer’s stock worth $64,000 after purchasing an additional 300 shares during the period. Finally, Athena Capital Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 74.78% of the company’s stock.

LOW opened at $101.17 on Thursday. The company has a market capitalization of $80.99 billion, a P/E ratio of 19.68, a PEG ratio of 1.17 and a beta of 1.27. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.11 and a current ratio of 0.98. Lowe’s Companies, Inc. has a 1-year low of $81.16 and a 1-year high of $117.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $15.65 billion for the quarter, compared to analysts’ expectations of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the company. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Wedbush boosted their target price on Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. Loop Capital set a $125.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, November 21st. Wells Fargo & Co boosted their target price on Lowe’s Companies from $110.00 to $120.00 in a research report on Thursday, February 28th. Finally, ValuEngine cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $113.13.

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Lowe’s Companies 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.

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

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