Lowe’s Companies, Inc. (LOW) Holdings Reduced by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,977 shares of the home improvement retailer’s stock after selling 2,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Lowe’s Companies were worth $7,332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. North Star Investment Management Corp. increased its position in shares of Lowe’s Companies by 2.4% in the 1st 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 grew its position in shares of Lowe’s Companies by 7.6% during the 1st quarter. Arlington Partners LLC now owns 1,301 shares of the home improvement retailer’s stock valued at $142,000 after buying an additional 92 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Lowe’s Companies by 4.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock valued at $220,000 after buying an additional 93 shares during the last quarter. Bollard Group LLC grew its position in shares of Lowe’s Companies by 0.5% during the 4th quarter. Bollard Group LLC now owns 21,022 shares of the home improvement retailer’s stock valued at $1,942,000 after buying an additional 103 shares during the last quarter. Finally, Howe & Rusling Inc. grew its position in shares of Lowe’s Companies by 13.3% during the 4th quarter. Howe & Rusling Inc. now owns 938 shares of the home improvement retailer’s stock valued at $87,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 76.33% of the company’s stock.

A number of equities research analysts recently weighed in on LOW shares. ValuEngine downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Barclays downgraded shares of Lowe’s Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $120.00 to $105.00 in a research report on Wednesday, January 9th. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a research report on Wednesday, January 23rd. Wedbush boosted their price objective on shares of Lowe’s Companies from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. Finally, Evercore ISI started coverage on shares of Lowe’s Companies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $120.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and an average target price of $114.52.

Lowe’s Companies stock opened at $113.74 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95. The stock has a market cap of $90.53 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.36 and a beta of 1.27. Lowe’s Companies, Inc. has a 52-week low of $81.16 and a 52-week high of $118.23.

Lowe’s Companies (NYSE:LOW) last posted its 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. The firm had revenue of $15.65 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.74 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post 6.07 EPS for the current fiscal year.

The company also recently announced 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 1.69%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 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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