Waterloo Capital L.P. Has $674,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Waterloo Capital L.P. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,730 shares of the home improvement retailer’s stock after selling 147 shares during the quarter. Waterloo Capital L.P.’s holdings in Lowe’s Companies were worth $674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at about $27,000. Winch Advisory Services LLC lifted its position in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $31,000. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $33,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $223.05 on Monday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $124.84 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.96 and a beta of 1.07. The firm has a 50 day simple moving average of $242.39 and a 200 day simple moving average of $256.46.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Sanford C. Bernstein lifted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus raised their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Finally, Bank of America dropped their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $280.35.

About Lowe’s Companies

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.