Lowe's Companies, Inc. (NYSE:LOW) Holdings Decreased by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,785 shares of the home improvement retailer's stock after selling 3,007 shares during the period. Burgundy Asset Management Ltd.'s holdings in Lowe's Companies were worth $7,845,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Simon Quick Advisors LLC boosted its position in shares of Lowe's Companies by 17.4% in the fourth quarter. Simon Quick Advisors LLC now owns 3,014 shares of the home improvement retailer's stock worth $744,000 after acquiring an additional 447 shares during the last quarter. Advisory Alpha LLC boosted its position in shares of Lowe's Companies by 5.5% in the fourth quarter. Advisory Alpha LLC now owns 3,740 shares of the home improvement retailer's stock worth $923,000 after acquiring an additional 194 shares during the last quarter. True North Advisors LLC raised its holdings in Lowe's Companies by 90.5% in the fourth quarter. True North Advisors LLC now owns 2,349 shares of the home improvement retailer's stock valued at $580,000 after buying an additional 1,116 shares during the period. Mutual Advisors LLC raised its holdings in Lowe's Companies by 1.5% in the fourth quarter. Mutual Advisors LLC now owns 11,531 shares of the home improvement retailer's stock valued at $2,984,000 after buying an additional 169 shares during the period. Finally, D.B. Root & Company LLC raised its holdings in Lowe's Companies by 7.0% in the fourth quarter. D.B. Root & Company LLC now owns 828 shares of the home improvement retailer's stock valued at $204,000 after buying an additional 54 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on LOW. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a report on Friday, April 25th. Wells Fargo & Company cut 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 report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Citigroup restated a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. Finally, Sanford C. Bernstein set a $266.00 price target on shares of Lowe's Companies and gave the company an "outperform" rating in a report on Thursday. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $271.52.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $2.67 during mid-day trading on Friday, reaching $221.08. 2,958,407 shares of the company were exchanged, compared to its average volume of 2,514,358. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a market capitalization of $123.74 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.96 and a beta of 1.00. The business's 50 day simple moving average is $224.61 and its 200 day simple moving average is $244.41.

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

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is presently 37.67%.

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.