Callan Family Office LLC Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

Callan Family Office LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,147 shares of the home improvement retailer’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tidemark LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. purchased a new stake in Lowe’s Companies during the 4th quarter valued at approximately $28,000. Transcendent Capital Group LLC acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $31,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $33,000. Finally, Keener Financial Planning LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at $35,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of several research reports. Bank of America cut their target price on Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. UBS Group boosted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Royal Bank of Canada cut their target price on shares of Lowe’s Companies from $245.00 to $238.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company dropped their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Finally, Citigroup decreased their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.04.

Lowe’s Companies Stock Performance

Lowe’s Companies stock traded up $0.49 during mid-day trading on Monday, hitting $250.56. 2,790,548 shares of the company traded hands, compared to its average volume of 2,539,145. The stock has a market cap of $142.78 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Lowe’s Companies, Inc. has a one year low of $181.85 and a one year high of $262.49. The stock has a fifty day moving average price of $232.46 and a 200-day moving average price of $232.93.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The business had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same period in the previous year, the firm earned $4.56 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Sell-side analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Lowe’s Companies’s payout ratio is currently 36.95%.

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.