Silvercrest Asset Management Group LLC Purchases 57,110 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Silvercrest Asset Management Group LLC boosted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 100.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,777 shares of the home improvement retailer's stock after buying an additional 57,110 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Lowe's Companies were worth $28,080,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at approximately $31,000. Caisse Des Depots ET Consignations bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $33,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Lowe's Companies during the 4th quarter worth $42,000. Millstone Evans Group LLC bought a new position in shares of Lowe's Companies in the fourth quarter worth $44,000. Finally, Financial Life Planners bought a new stake in Lowe's Companies during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. DA Davidson reissued a "neutral" rating and issued a $270.00 target price on shares of Lowe's Companies in a report on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, Royal Bank of Canada lowered their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $276.17.

Lowe's Companies Trading Down 1.5%

LOW stock traded down $3.57 during mid-day trading on Tuesday, reaching $230.86. The company's stock had a trading volume of 3,456,128 shares, compared to its average volume of 2,515,575. The company has a market cap of $129.21 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The business's 50 day moving average price is $224.47 and its 200 day moving average price is $245.52. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 1.99%. 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.