Neo Ivy Capital Management Buys 27,979 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Neo Ivy Capital Management increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 731.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,803 shares of the home improvement retailer's stock after purchasing an additional 27,979 shares during the period. Lowe's Companies accounts for approximately 1.6% of Neo Ivy Capital Management's investment portfolio, making the stock its 9th biggest position. Neo Ivy Capital Management's holdings in Lowe's Companies were worth $7,848,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Lowe's Companies by 1.0% in the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock valued at $6,483,558,000 after buying an additional 259,766 shares during the period. Geode Capital Management LLC increased its holdings in shares of Lowe's Companies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock worth $2,952,341,000 after buying an additional 245,876 shares during the last quarter. Norges Bank acquired a new stake in shares of Lowe's Companies during the 4th quarter worth approximately $1,842,954,000. Northern Trust Corp increased its holdings in shares of Lowe's Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after buying an additional 993,833 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Lowe's Companies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock worth $1,242,793,000 after buying an additional 323,371 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded up $4.61 on Tuesday, reaching $225.68. The company's stock had a trading volume of 3,417,282 shares, compared to its average volume of 2,517,970. The stock's 50-day moving average is $224.52 and its two-hundred day moving average is $244.06. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The stock has a market capitalization of $126.31 billion, a P/E ratio of 18.82, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its 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. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same period in the prior year, the company earned $3.06 earnings per share. The business's revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share 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 paid 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 2.04%. Lowe's Companies's dividend payout ratio (DPR) is 38.11%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LOW shares. Stifel Nicolaus cut their price target on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a report on Tuesday. 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 report on Thursday, May 22nd. Mizuho set a $280.00 target price on shares of Lowe's Companies and gave the company an "outperform" rating in a report on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies 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.