FDO Partners LLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,801 shares of the home improvement retailer’s stock, valued at approximately $2,542,000. Lowe's Companies accounts for 1.0% of FDO Partners LLC’s investment portfolio, making the stock its 16th largest holding.
Other hedge funds also recently modified their holdings of the company. Alps Advisors Inc. grew its stake in Lowe's Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock worth $453,000 after purchasing an additional 15 shares in the last quarter. Bank of Stockton grew its stake in Lowe's Companies by 0.6% in the second quarter. Bank of Stockton now owns 4,670 shares of the home improvement retailer’s stock worth $362,000 after purchasing an additional 30 shares in the last quarter. Brave Asset Management Inc. grew its stake in Lowe's Companies by 1.5% in the second quarter. Brave Asset Management Inc. now owns 2,927 shares of the home improvement retailer’s stock worth $227,000 after purchasing an additional 42 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in Lowe's Companies by 1.3% in the second quarter. CHICAGO TRUST Co NA now owns 3,606 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 46 shares in the last quarter. Finally, Allegis Investment Advisors LLC grew its stake in Lowe's Companies by 0.6% in the second quarter. Allegis Investment Advisors LLC now owns 10,176 shares of the home improvement retailer’s stock worth $789,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.
A number of analysts have weighed in on LOW shares. Royal Bank of Canada restated a “buy” rating and set a $84.00 target price on shares of Lowe's Companies in a report on Tuesday, November 7th. Zacks Investment Research upgraded Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, November 1st. Credit Suisse Group set a $88.00 target price on Lowe's Companies and gave the stock a “hold” rating in a report on Friday, November 24th. Deutsche Bank reiterated a “buy” rating and set a $90.00 price objective (up previously from $85.00) on shares of Lowe's Companies in a report on Friday, October 6th. Finally, KeyCorp assumed coverage on Lowe's Companies in a research note on Monday, November 6th. They issued an “overweight” rating and a $98.00 target price for the company. 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $88.62.
Shares of Lowe's Companies, Inc. (NYSE: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. Lowe's Companies, Inc. has a twelve month low of $70.76 and a twelve month high of $102.28. The stock has a market capitalization of $79,441.27, a PE ratio of 24.19, a P/E/G ratio of 1.44 and a beta of 1.14.
Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the company posted $0.88 EPS. The business’s revenue was up 6.6% on a year-over-year basis. equities research analysts anticipate that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a 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 other news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies 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 sale, the insider now owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.
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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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