FDO Partners LLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 31,801 shares of the home improvement retailer’s stock, valued at approximately $2,542,000. Lowe's Companies makes up approximately 1.0% of FDO Partners LLC’s holdings, making the stock its 16th largest position.
Other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Lowe's Companies by 62.6% in the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after buying an additional 3,732,153 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Lowe's Companies by 1,457.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock worth $293,669,000 after buying an additional 3,544,665 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Lowe's Companies by 2,147.5% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,600 shares of the home improvement retailer’s stock worth $200,617,000 after buying an additional 2,397,937 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Lowe's Companies by 94.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock worth $269,960,000 after buying an additional 1,688,392 shares during the last quarter. Finally, Glenview Capital Management LLC lifted its position in Lowe's Companies by 21.4% during the second quarter. Glenview Capital Management LLC now owns 6,621,609 shares of the home improvement retailer’s stock valued at $513,373,000 after purchasing an additional 1,168,950 shares in the last quarter. 72.48% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on LOW shares. Telsey Advisory Group upgraded Lowe's Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $83.00 to $124.00 in a research report on Thursday. BMO Capital Markets reiterated a “hold” rating and set a $82.00 target price on shares of Lowe's Companies in a research 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 on the stock in a report on Monday, November 27th. Sanford C. Bernstein raised Lowe's Companies from an “underperform” rating to an “outperform” rating in a report on Monday, January 22nd. Finally, UBS Group raised Lowe's Companies from a “market perform” rating to an “outperform” rating in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $93.59.
In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the sale, the insider now owns 4,650 shares in the company, valued at $372,930. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.
Shares of Lowe's Companies, Inc. (LOW) traded up $1.02 during trading hours on Friday, hitting $107.40. The company’s stock had a trading volume of 3,911,962 shares, compared to its average volume of 5,680,000. 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 capitalization of $89,120.00, a price-to-earnings ratio of 25.82, a PEG ratio of 1.46 and a beta of 1.14. Lowe's Companies, Inc. has a fifty-two week low of $70.76 and a fifty-two week high of $108.98.
Lowe's Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe's Companies’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. analysts expect that Lowe's Companies, Inc. will post 4.52 earnings per share for the current fiscal year.
The company 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 is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.53%. Lowe's Companies’s payout ratio is 39.42%.
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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.
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