BLI Banque de Luxembourg Investments Acquires Shares of 297,110 Lowe's Companies, Inc. (NYSE:LOW)

BLI Banque de Luxembourg Investments purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 297,110 shares of the home improvement retailer's stock, valued at approximately $73,287,000. Lowe's Companies accounts for approximately 2.0% of BLI Banque de Luxembourg Investments' investment portfolio, making the stock its 11th biggest holding. BLI Banque de Luxembourg Investments owned approximately 0.05% of Lowe's Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in LOW. Alteri Wealth LLC acquired a new stake in Lowe's Companies during the fourth quarter valued at approximately $212,000. Aptus Capital Advisors LLC lifted its holdings in shares of Lowe's Companies by 14.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer's stock valued at $26,236,000 after purchasing an additional 13,092 shares in the last quarter. AXA S.A. raised its stake in shares of Lowe's Companies by 9.9% during the 4th quarter. AXA S.A. now owns 123,113 shares of the home improvement retailer's stock worth $30,384,000 after purchasing an additional 11,070 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in Lowe's Companies in the fourth quarter valued at approximately $103,000. Finally, 1248 Management LLC acquired a new position in Lowe's Companies in the 4th quarter valued at $1,017,000. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

LOW has been the topic of several research reports. Royal Bank of Canada reduced their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Morgan Stanley reduced their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday. Mizuho reduced their price objective on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Bank of America reduced their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $277.92.

Lowe's Companies Stock Performance

NYSE LOW traded down $2.21 on Tuesday, reaching $222.98. The company's stock had a trading volume of 2,175,406 shares, compared to its average volume of 2,486,189. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The firm's 50 day moving average is $226.53 and its two-hundred day moving average is $248.06. The stock has a market cap of $124.80 billion, a PE ratio of 18.60, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its 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 firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.06%. Lowe's Companies's payout ratio is currently 37.67%.

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.