Capital Investment Counsel Inc Sells 587 Shares of Lowe’s Companies, Inc. (LOW)

Capital Investment Counsel Inc trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 49,058 shares of the home improvement retailer’s stock after selling 587 shares during the period. Lowe’s Companies makes up about 2.0% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 10th largest position. Capital Investment Counsel Inc’s holdings in Lowe’s Companies were worth $5,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. North Star Investment Management Corp. lifted its stake in Lowe’s Companies by 2.4% during the first quarter. North Star Investment Management Corp. now owns 3,796 shares of the home improvement retailer’s stock worth $416,000 after purchasing an additional 90 shares during the last quarter. Arlington Partners LLC lifted its stake in Lowe’s Companies by 7.6% during the first quarter. Arlington Partners LLC now owns 1,301 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 92 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Lowe’s Companies by 4.8% during the first quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock worth $220,000 after purchasing an additional 93 shares during the last quarter. Bailard Inc. lifted its stake in Lowe’s Companies by 3.6% during the first quarter. Bailard Inc. now owns 2,764 shares of the home improvement retailer’s stock worth $303,000 after purchasing an additional 95 shares during the last quarter. Finally, Bollard Group LLC lifted its stake in Lowe’s Companies by 0.5% during the fourth quarter. Bollard Group LLC now owns 21,022 shares of the home improvement retailer’s stock worth $1,942,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 76.20% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday. Morgan Stanley boosted their target price on Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Citigroup boosted their target price on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Evercore ISI assumed coverage on Lowe’s Companies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $120.00 target price for the company. Finally, Wells Fargo & Co boosted their target price on Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $114.52.

Shares of NYSE:LOW opened at $111.35 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $83.00 and a 1 year high of $118.23. The stock has a market cap of $89.43 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.31 and a beta of 1.26. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The company had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same quarter in the previous year, the business earned $0.74 EPS. Lowe’s Companies’s revenue was up 1.0% compared to the same quarter last year. On average, analysts expect that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.72%. Lowe’s Companies’s dividend payout ratio is presently 37.35%.

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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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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