Norden Group LLC Sells 559 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Norden Group LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 12.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,100 shares of the home improvement retailer’s stock after selling 559 shares during the period. Norden Group LLC’s holdings in Lowe’s Companies were worth $913,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Private Management Group Inc. lifted its position in Lowe’s Companies by 4.0% during the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after acquiring an additional 46 shares during the last quarter. First Command Advisory Services Inc. increased its position in shares of Lowe’s Companies by 1.9% during the fourth quarter. First Command Advisory Services Inc. now owns 2,590 shares of the home improvement retailer’s stock worth $576,000 after purchasing an additional 48 shares in the last quarter. Hamilton Capital LLC raised its holdings in Lowe’s Companies by 2.1% in the 3rd quarter. Hamilton Capital LLC now owns 2,439 shares of the home improvement retailer’s stock valued at $507,000 after acquiring an additional 49 shares during the last quarter. Abundance Wealth Counselors increased its holdings in shares of Lowe’s Companies by 0.8% in the fourth quarter. Abundance Wealth Counselors now owns 6,671 shares of the home improvement retailer’s stock valued at $1,485,000 after purchasing an additional 50 shares during the last quarter. Finally, YHB Investment Advisors Inc. raised its stake in Lowe’s Companies by 0.6% during the fourth quarter. YHB Investment Advisors Inc. now owns 9,013 shares of the home improvement retailer’s stock worth $2,006,000 after purchasing an additional 50 shares during the period. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays upped their target price on shares of Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Gordon Haskett reiterated a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Truist Financial raised their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Citigroup lifted their price target on Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a report on Wednesday, February 21st. Finally, Zelman & Associates restated a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Trading Down 0.8 %

Shares of LOW stock traded down $1.90 on Tuesday, hitting $229.04. 794,896 shares of the stock were exchanged, compared to its average volume of 2,474,430. The firm’s 50 day moving average is $240.06 and its two-hundred day moving average is $220.18. The firm has a market capitalization of $131.05 billion, a PE ratio of 17.55, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 earnings per share. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Lowe’s Companies Company Profile

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.