Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Thomasville National Bank

Thomasville National Bank cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,615 shares of the home improvement retailer’s stock after selling 188 shares during the quarter. Thomasville National Bank’s holdings in Lowe’s Companies were worth $2,959,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LOW. Morgan Stanley grew its position in shares of Lowe’s Companies by 1.1% in the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after purchasing an additional 116,855 shares in the last quarter. Norges Bank purchased a new stake in Lowe’s Companies in the 4th quarter valued at $1,638,746,000. Northern Trust Corp increased its stake in shares of Lowe’s Companies by 1.1% in the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock worth $1,483,733,000 after acquiring an additional 78,901 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Lowe’s Companies by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock worth $714,637,000 after acquiring an additional 41,451 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Lowe’s Companies by 1.9% during the 4th quarter. Schroder Investment Management Group now owns 2,851,127 shares of the home improvement retailer’s stock valued at $634,518,000 after acquiring an additional 52,859 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group lifted their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Mizuho initiated coverage on Lowe’s Companies in a report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Citigroup decreased their price target on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Finally, Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $251.33.

Check Out Our Latest Research Report on LOW

Lowe’s Companies Stock Performance

Shares of LOW traded down $0.15 during midday trading on Thursday, hitting $227.62. The company had a trading volume of 2,377,775 shares, compared to its average volume of 2,439,816. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The firm has a market capitalization of $129.71 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.74 and a beta of 1.08. The company’s 50-day simple moving average is $226.22 and its 200-day simple moving average is $227.64.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the firm earned $3.67 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts predict that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

Lowe’s Companies Profile

(Free Report)

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.

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

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