Aurdan Capital Management LLC Makes New Investment in Lowe's Companies, Inc. (NYSE:LOW)

Aurdan Capital Management LLC purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 44,997 shares of the home improvement retailer's stock, valued at approximately $11,105,000. Lowe's Companies comprises about 4.3% of Aurdan Capital Management LLC's portfolio, making the stock its 4th biggest position.

Several other hedge funds also recently made changes to their positions in LOW. Klingenstein Fields & Co. LP lifted its position in Lowe's Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after buying an additional 39 shares in the last quarter. Saxony Capital Management LLC increased its position in shares of Lowe's Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after acquiring an additional 40 shares during the last quarter. Powers Advisory Group LLC raised its holdings in Lowe's Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after acquiring an additional 40 shares in the last quarter. Gen Wealth Partners Inc raised its holdings in Lowe's Companies by 1.9% during the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after acquiring an additional 40 shares in the last quarter. Finally, Cordatus Wealth Management LLC boosted its position in Lowe's Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after purchasing an additional 41 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein set a $266.00 price objective on Lowe's Companies and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Wells Fargo & Company reduced their price target on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. DA Davidson lowered their price target on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. Mizuho set a $280.00 price objective on Lowe's Companies and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada decreased their target price on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Stock Up 0.2%

Shares of NYSE:LOW traded up $0.40 during trading on Thursday, reaching $224.92. 2,739,321 shares of the company traded hands, compared to its average volume of 2,515,436. The firm has a market capitalization of $125.89 billion, a PE ratio of 18.76, a PEG ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The company's 50 day moving average is $224.46 and its two-hundred day moving average is $243.80.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Lowe's Companies's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 earnings per share. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.05%. Lowe's Companies's dividend payout ratio is currently 38.11%.

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.