Chatham Capital Group Inc. Acquires New Stake in Lowe's Companies, Inc. (LOW)

Chatham Capital Group Inc. acquired a new position in Lowe's Companies, Inc. (NYSE:LOW) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 61,972 shares of the home improvement retailer’s stock, valued at approximately $4,954,000. Lowe's Companies accounts for about 1.4% of Chatham Capital Group Inc.’s portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also added to or reduced their stakes in LOW. Vantage Financial Partners Ltd. Inc. bought a new position in Lowe's Companies in the second quarter worth about $233,000. Harbour Capital Advisors LLC bought a new position in Lowe's Companies in the first quarter worth about $103,000. Atlantic Trust LLC bought a new position in Lowe's Companies in the second quarter worth about $105,000. IHT Wealth Management LLC raised its holdings in Lowe's Companies by 8.7% in the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $154,000 after purchasing 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 second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after purchasing an additional 110 shares in the last quarter. 73.12% of the stock is owned by institutional investors.

Lowe's Companies, Inc. (NYSE LOW) opened at $95.74 on Friday. Lowe's Companies, Inc. has a fifty-two week low of $70.76 and a fifty-two week high of $95.78. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. The firm has a market cap of $79,440.00, a P/E ratio of 23.01, a P/E/G ratio of 1.43 and a beta of 1.14.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the company earned $0.88 EPS. Lowe's Companies’s quarterly revenue was up 6.6% on a year-over-year basis. analysts expect that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. 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 (DPR) is presently 39.42%.

In related news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on LOW shares. Deutsche Bank reiterated a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Lowe's Companies in a report on Friday, October 6th. BMO Capital Markets reiterated a “hold” rating and issued a $82.00 target price on shares of Lowe's Companies in a report on Thursday, November 2nd. Robert W. Baird set a $87.00 target price on shares of Lowe's Companies and gave the stock a “buy” rating in a report on Tuesday, October 31st. Royal Bank of Canada set a $81.00 target price on shares of Lowe's Companies and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Telsey Advisory Group boosted their target price on shares of Lowe's Companies from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Three investment 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. Lowe's Companies has an average rating of “Hold” and an average price target of $88.62.

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Lowe's Companies Company 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.

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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