Sei Investments Co. boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 19.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,736 shares of the home improvement retailer’s stock after buying an additional 64,052 shares during the period. Sei Investments Co.’s holdings in Lowe's Companies were worth $31,238,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Harbour Capital Advisors LLC bought a new stake in Lowe's Companies during the 1st quarter valued at approximately $103,000. Atlantic Trust LLC acquired a new position in Lowe's Companies in the 2nd quarter valued at approximately $105,000. 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. Balentine LLC acquired a new position in Lowe's Companies in the 1st quarter valued at approximately $120,000. Finally, Motco raised its holdings in Lowe's Companies by 33.4% in the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after acquiring an additional 432 shares in the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 4,650 shares in the company, valued at $372,930. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.
A number of equities analysts have recently issued reports on LOW shares. BMO Capital Markets reissued a “hold” rating and issued a $82.00 target price on shares of Lowe's Companies in a report on Thursday, November 2nd. Raymond James Financial raised Lowe's Companies from a “market perform” rating to an “outperform” rating and set a $87.00 price target for the company in a report on Monday, November 27th. UBS Group raised Lowe's Companies from a “market perform” rating to an “outperform” rating in a report on Monday, November 27th. Zacks Investment Research upgraded Lowe's Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $92.00 price objective (up from $87.00) on shares of Lowe's Companies in a research report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $88.62.
Shares of Lowe's Companies, Inc. (LOW) traded up $1.58 during trading hours on Thursday, hitting $95.74. The stock had a trading volume of 3,170,000 shares, compared to its average volume of 6,390,000. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $79,440.00, a PE ratio of 23.01, a PEG ratio of 1.43 and a beta of 1.14. Lowe's Companies, Inc. has a 12 month low of $70.56 and a 12 month high of $95.78.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. analysts forecast that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.71%. Lowe's Companies’s dividend payout ratio is currently 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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