Townsquare Capital LLC Has $16.57 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Townsquare Capital LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,124 shares of the home improvement retailer’s stock after acquiring an additional 1,287 shares during the quarter. Townsquare Capital LLC’s holdings in Lowe’s Companies were worth $16,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Lowe’s Companies during the 4th quarter worth $1,842,954,000. Raymond James Financial Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $314,435,000. Strategic Financial Concepts LLC increased its stake in shares of Lowe’s Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after buying an additional 1,223,116 shares during the period. Amundi raised its position in shares of Lowe’s Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after acquiring an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in shares of Lowe’s Companies by 42,529.8% in the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock worth $208,843,000 after acquiring an additional 844,217 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOW has been the subject of several analyst reports. Bank of America lowered 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 report on Thursday, February 27th. Mizuho lowered their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada cut their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. One research 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 MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.74.

Lowe’s Companies Price Performance

LOW opened at $220.11 on Friday. The firm has a market capitalization of $123.20 billion, a PE ratio of 18.36, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company’s 50-day moving average is $236.25 and its 200 day moving average is $254.37.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 37.67%.

Lowe’s Companies Profile

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.