Peoples Bank KS Has $2.32 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Peoples Bank KS lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 3.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,097 shares of the home improvement retailer’s stock after selling 312 shares during the quarter. Lowe’s Companies comprises 1.8% of Peoples Bank KS’s portfolio, making the stock its 13th largest holding. Peoples Bank KS’s holdings in Lowe’s Companies were worth $2,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. increased its position in Lowe’s Companies by 142.7% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 2,793 shares of the home improvement retailer’s stock worth $580,000 after buying an additional 1,642 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Lowe’s Companies during the 3rd quarter valued at $10,371,000. Envestnet Asset Management Inc. boosted its holdings in Lowe’s Companies by 46.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,400,132 shares of the home improvement retailer’s stock valued at $291,004,000 after purchasing an additional 446,708 shares during the period. TRUE Private Wealth Advisors grew its position in Lowe’s Companies by 2.3% in the 3rd quarter. TRUE Private Wealth Advisors now owns 2,520 shares of the home improvement retailer’s stock worth $524,000 after purchasing an additional 57 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Lowe’s Companies during the 3rd quarter worth about $344,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded up $0.91 on Tuesday, hitting $227.68. 2,072,946 shares of the company’s stock traded hands, compared to its average volume of 2,440,347. The firm’s 50-day moving average price is $226.56 and its two-hundred day moving average price is $227.64. The stock has a market capitalization of $129.74 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.67 earnings per share. On average, analysts forecast that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Lowe’s Companies’s dividend payout ratio is 35.34%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LOW. Citigroup decreased their target price on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Stifel Nicolaus raised their target price on Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a report on Tuesday, May 21st. UBS Group raised their price objective on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Zelman & Associates reiterated a “neutral” rating and set a $265.00 target price on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Hold” and an average target price of $251.33.

Read Our Latest Report on LOW

Lowe’s Companies Profile

(Free Report)

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, d├ęcor, and electrical.

See Also

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

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