PVG Asset Management Corp acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,700 shares of the home improvement retailer’s stock, valued at approximately $616,000.
Several other large investors have also bought and sold shares of LOW. Atlantic Trust LLC bought a new position in shares of Lowe's Companies during the 2nd quarter valued at about $105,000. State of Alaska Department of Revenue boosted its position in shares of Lowe's Companies by 8.3% during 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 purchasing an additional 110 shares in the last quarter. Motco boosted its position in shares of Lowe's Companies by 33.4% during the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after purchasing an additional 432 shares in the last quarter. Horan Capital Advisors LLC. purchased a new stake in Lowe's Companies during the third quarter valued at about $134,000. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in Lowe's Companies during the third quarter valued at about $148,000. Institutional investors own 73.12% of the company’s stock.
A number of research firms have commented on LOW. Atlantic Securities lowered shares of Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research note on Tuesday, November 28th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $82.00 price objective on shares of Lowe's Companies in a research note on Friday, November 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $103.00 price objective on shares of Lowe's Companies in a research note on Friday, December 22nd. Barclays raised shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Finally, Zelman & Associates lowered shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the stock. Lowe's Companies currently has an average rating of “Hold” and a consensus target price of $88.62.
Shares of Lowe's Companies, Inc. (LOW) opened at $100.86 on Friday. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The stock has a market cap of $79,441.27, a P/E ratio of 24.19, a PEG ratio of 1.44 and a beta of 1.14. Lowe's Companies, Inc. has a 52-week low of $70.76 and a 52-week high of $102.28.
Lowe's Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $16.77 billion during the quarter, compared to analyst estimates 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 revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. research analysts anticipate that Lowe's Companies, Inc. will post 4.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is 39.33%.
In related news, insider Nelson B. Peace sold 3,352 shares of the firm’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 transaction, the insider now owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.
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About Lowe's Companies
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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