Crestline Management LP Makes New $1.97 Million Investment in Lowe's Companies, Inc. (NYSE:LOW)

Crestline Management LP acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,996 shares of the home improvement retailer's stock, valued at approximately $1,973,000.

Several other hedge funds also recently made changes to their positions in the company. Centiva Capital LP lifted its stake in Lowe's Companies by 18.6% in the fourth quarter. Centiva Capital LP now owns 2,056 shares of the home improvement retailer's stock valued at $507,000 after buying an additional 322 shares during the last quarter. Cetera Investment Advisers grew its position in Lowe's Companies by 3.9% during the 4th quarter. Cetera Investment Advisers now owns 239,946 shares of the home improvement retailer's stock worth $59,219,000 after purchasing an additional 8,962 shares during the last quarter. BOKF NA increased its stake in Lowe's Companies by 3.8% in the fourth quarter. BOKF NA now owns 30,575 shares of the home improvement retailer's stock valued at $7,580,000 after purchasing an additional 1,123 shares during the period. Bosun Asset Management LLC raised its holdings in shares of Lowe's Companies by 16.3% in the fourth quarter. Bosun Asset Management LLC now owns 1,425 shares of the home improvement retailer's stock valued at $352,000 after buying an additional 200 shares during the last quarter. Finally, Brevan Howard Capital Management LP boosted its stake in shares of Lowe's Companies by 78.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 19,699 shares of the home improvement retailer's stock worth $4,862,000 after buying an additional 8,644 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Down 1.0 %

Shares of LOW stock traded down $2.31 during trading hours on Friday, hitting $222.17. The company's stock had a trading volume of 2,053,748 shares, compared to its average volume of 2,499,358. The business has a fifty day moving average of $225.26 and a 200-day moving average of $247.03. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The stock has a market cap of $124.35 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, equities analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.07%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LOW shares. DA Davidson reaffirmed a "neutral" rating and set a $270.00 price objective on shares of Lowe's Companies in a research report on Wednesday, April 16th. Royal Bank of Canada lowered their price objective 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. Bank of America cut their price objective 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. Wells Fargo & Company dropped their price target on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $278.04.

Lowe's Companies Company 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.