MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 66,378 Shares of Lowe's Companies, Inc. (NYSE:LOW)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 45.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,655 shares of the home improvement retailer's stock after selling 66,378 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Lowe's Companies were worth $19,412,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Lowe's Companies by 176.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 196 shares of the home improvement retailer's stock worth $48,000 after buying an additional 125 shares during the period. Cooper Financial Group boosted its stake in Lowe's Companies by 20.0% in the 4th quarter. Cooper Financial Group now owns 1,511 shares of the home improvement retailer's stock valued at $373,000 after purchasing an additional 252 shares during the period. AdvisorNet Financial Inc grew its holdings in Lowe's Companies by 11.4% in the 4th quarter. AdvisorNet Financial Inc now owns 6,416 shares of the home improvement retailer's stock valued at $1,583,000 after buying an additional 657 shares in the last quarter. BCS Wealth Management acquired a new position in Lowe's Companies in the 4th quarter valued at $476,000. Finally, Wynn Capital LLC increased its position in Lowe's Companies by 1.4% during the 4th quarter. Wynn Capital LLC now owns 3,604 shares of the home improvement retailer's stock worth $890,000 after buying an additional 50 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on LOW. DA Davidson restated a "neutral" rating and issued a $270.00 price target on shares of Lowe's Companies in a research note on Wednesday, April 16th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Royal Bank of Canada lowered their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Morgan Stanley dropped their price target on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price target on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $277.00.

Lowe's Companies Trading Down 1.2%

Shares of LOW stock opened at $228.11 on Thursday. The firm has a market capitalization of $127.67 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.00. The business's 50-day moving average price is $224.50 and its 200-day moving average price is $246.38. 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 posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, sell-side 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 business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is currently 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.

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