Global X MANAGEMENT CO LLC raised its position in Lowe's Companies, Inc. (NYSE:LOW) by 18.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,592 shares of the home improvement retailer’s stock after purchasing an additional 1,784 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Lowe's Companies were worth $927,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Lowe's Companies during the 2nd quarter worth about $233,000. Harbour Capital Advisors LLC acquired a new position in shares of Lowe's Companies during the 1st quarter worth about $103,000. Atlantic Trust LLC acquired a new position in shares of Lowe's Companies during the 2nd quarter worth about $105,000. IHT Wealth Management LLC raised its holdings in Lowe's Companies by 8.7% in the 2nd quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock valued at $154,000 after acquiring an additional 110 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Lowe's Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares in the last quarter. 73.12% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the company. Atlantic Securities lowered Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a research note on Tuesday, November 28th. Piper Jaffray Companies reiterated a “hold” rating and issued a $82.00 price objective on shares of Lowe's Companies in a research note on Friday, November 24th. Stifel Nicolaus restated a “buy” rating and set a $103.00 price target on shares of Lowe's Companies in a research report on Friday, December 22nd. Barclays upgraded Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Finally, Zelman & Associates lowered Lowe's Companies from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.62.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the sale, the insider now owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company’s stock.
Shares of Lowe's Companies, Inc. (NYSE LOW) traded up $1.57 during mid-day trading on Thursday, reaching $95.74. 3,171,400 shares of the company’s stock traded hands, compared to its average volume of 6,390,000. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. Lowe's Companies, Inc. has a 1 year low of $70.56 and a 1 year high of $95.78. The firm has a market capitalization of $79,440.00, a P/E ratio of 23.01, a PEG ratio of 1.43 and a beta of 1.14.
Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. research analysts forecast that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.71%. Lowe's Companies’s dividend payout ratio (DPR) is 39.42%.
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Lowe's Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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