Lowe's Companies, Inc. (NYSE:LOW) is Neo Ivy Capital Management's 9th Largest Position

Neo Ivy Capital Management increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 731.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,803 shares of the home improvement retailer's stock after buying an additional 27,979 shares during the quarter. Lowe's Companies accounts for about 1.6% of Neo Ivy Capital Management's investment portfolio, making the stock its 9th largest position. Neo Ivy Capital Management's holdings in Lowe's Companies were worth $7,848,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies during the fourth quarter valued at about $33,000. Orion Capital Management LLC purchased a new position in shares of Lowe's Companies in the fourth quarter valued at about $36,000. Measured Risk Portfolios Inc. bought a new position in shares of Lowe's Companies in the fourth quarter worth about $42,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth about $44,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LOW. Mizuho set a $280.00 price target on Lowe's Companies and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Robert W. Baird dropped their target price on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. 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, May 22nd. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company cut their price objective on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded down $0.03 during trading hours on Wednesday, hitting $225.78. 834,635 shares of the company's stock traded hands, compared to its average volume of 2,511,441. The firm has a market capitalization of $126.37 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The business has a fifty day moving average price of $224.51 and a 200-day moving average price of $243.93. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating the consensus estimate of $2.88 by $0.04. The company had revenue of $20.93 billion for 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 quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.06 EPS. As a group, equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is presently 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.