Chicago Capital LLC Decreases Holdings in Lowe’s Companies, Inc. $LOW

Chicago Capital LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 36.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,794 shares of the home improvement retailer’s stock after selling 56,122 shares during the period. Chicago Capital LLC’s holdings in Lowe’s Companies were worth $24,074,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LOW. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies in the 2nd quarter valued at approximately $27,000. Solstein Capital LLC raised its holdings in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares during the period. Traub Capital Management LLC purchased a new stake in Lowe’s Companies during the 2nd quarter valued at $30,000. Vermillion & White Wealth Management Group LLC lifted its position in Lowe’s Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 76 shares during the last quarter. Finally, Olistico Wealth LLC purchased a new position in Lowe’s Companies during the second quarter worth $33,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Down 0.9%

Shares of NYSE:LOW opened at $244.73 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $274.98. The stock has a market cap of $137.28 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 4.09 and a beta of 0.96. The business’s 50 day moving average is $239.85 and its 200 day moving average is $241.83.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. During the same period in the previous year, the company posted $2.89 EPS. Lowe’s Companies’s revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 39.80%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Lowe’s Companies in a research note on Monday, December 29th. TD Cowen cut their price target on shares of Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Telsey Advisory Group reduced their price objective on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. DA Davidson dropped their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, Stifel Nicolaus upped their target price on Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, December 1st. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $276.80.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.