Louisiana State Employees Retirement System Acquires 200 Shares of Lowe’s Companies, Inc. (LOW)

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Louisiana State Employees Retirement System raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,300 shares of the home improvement retailer’s stock after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Lowe’s Companies were worth $4,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LOW. Clarfeld Financial Advisors LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $26,000. CNB Bank purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $46,000. Capital Financial Planning LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $46,000. Ironwood Financial llc lifted its stake in shares of Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock valued at $50,000 after buying an additional 342 shares during the period. Finally, Contravisory Investment Management Inc. lifted its stake in shares of Lowe’s Companies by 360.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock valued at $60,000 after buying an additional 512 shares during the period. 76.33% of the stock is currently owned by institutional investors.

LOW has been the topic of several recent analyst reports. Wells Fargo & Co upped their price objective on shares of Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. ValuEngine raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Morgan Stanley set a $115.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, March 19th. Citigroup upped their price objective on shares of Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Barclays downgraded shares of Lowe’s Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $120.00 to $105.00 in a research note on Wednesday, January 9th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $114.52.

NYSE:LOW opened at $117.03 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95. The company has a market cap of $93.27 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.36 and a beta of 1.27. Lowe’s Companies, Inc. has a fifty-two week low of $81.16 and a fifty-two week high of $117.94.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.80. The company had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. Lowe’s Companies’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. On average, equities analysts predict that Lowe’s Companies, Inc. will post 6.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.35%.

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About Lowe’s Companies

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.

Further Reading: Do stock splits help investors?

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

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