OneDigital Investment Advisors LLC Has $2.66 Million Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

OneDigital Investment Advisors LLC lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,789 shares of the home improvement retailer's stock after selling 3,322 shares during the period. OneDigital Investment Advisors LLC's holdings in Lowe's Companies were worth $2,663,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. IFS Advisors LLC purchased a new stake in Lowe's Companies in the 4th quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth approximately $31,000. Winch Advisory Services LLC boosted its holdings in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after purchasing an additional 44 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe's Companies during the fourth quarter worth approximately $33,000. Finally, Millstone Evans Group LLC purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 0.1 %

Lowe's Companies stock traded down $0.30 during mid-day trading on Monday, reaching $220.61. The company had a trading volume of 656,552 shares, compared to its average volume of 2,470,392. The company has a 50 day moving average of $229.29 and a 200-day moving average of $250.63. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The firm has a market cap of $123.48 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.96 and a beta of 1.07.

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

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. DA Davidson reissued a "neutral" rating and set a $270.00 price objective on shares of Lowe's Companies in a research report on Wednesday, April 16th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Tuesday, April 15th. Bank of America cut their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target for the company in a research note on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $278.21.

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.