PFG Investments LLC Has $2.81 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

PFG Investments LLC raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 130.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,048 shares of the home improvement retailer's stock after buying an additional 6,259 shares during the quarter. PFG Investments LLC's holdings in Lowe's Companies were worth $2,814,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Morgan Stanley grew its holdings in shares of Lowe's Companies by 1.1% during the 3rd quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer's stock worth $2,271,836,000 after purchasing an additional 116,855 shares in the last quarter. Norges Bank bought a new stake in shares of Lowe's Companies during the 4th quarter worth $1,638,746,000. Northern Trust Corp lifted its position in shares of Lowe's Companies by 1.1% during the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer's stock worth $1,483,733,000 after buying an additional 78,901 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Lowe's Companies by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer's stock valued at $714,637,000 after purchasing an additional 41,451 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Lowe's Companies by 1.9% in the fourth quarter. Schroder Investment Management Group now owns 2,851,127 shares of the home improvement retailer's stock valued at $634,518,000 after purchasing an additional 52,859 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Down 0.0 %

Shares of LOW stock traded down $0.09 during mid-day trading on Friday, hitting $229.87. 2,001,196 shares of the stock were exchanged, compared to its average volume of 2,110,073. The firm has a fifty day moving average of $239.98 and a 200 day moving average of $219.94. Lowe's Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The company has a market cap of $131.53 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.09. Lowe's Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. Lowe's Companies's quarterly revenue was down 17.1% on a year-over-year basis. Equities analysts predict that Lowe's Companies, Inc. will post 12.21 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe's Companies's dividend payout ratio (DPR) is presently 33.43%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LOW shares. Mizuho assumed coverage on Lowe's Companies in a research note on Tuesday, March 19th. They issued a "buy" rating and a $280.00 price target for the company. Morgan Stanley boosted their target price on Lowe's Companies from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on Lowe's Companies from $265.00 to $268.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. Royal Bank of Canada lifted their price target on Lowe's Companies from $190.00 to $246.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 28th. Finally, UBS Group boosted their target price on Lowe's Companies from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $252.52.

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.