Boston Family Office LLC Cuts Stake in Lowe's Companies, Inc. (LOW)

Boston Family Office LLC decreased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,599 shares of the home improvement retailer’s stock after selling 1,645 shares during the period. Boston Family Office LLC’s holdings in Lowe's Companies were worth $4,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. Krilogy Financial LLC boosted its stake in Lowe's Companies by 2.4% during the second quarter. Krilogy Financial LLC now owns 3,825 shares of the home improvement retailer’s stock worth $297,000 after acquiring an additional 91 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Lowe's Companies by 8.7% during the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $154,000 after acquiring an additional 110 shares in the last quarter. First Business Financial Services Inc. boosted its stake in Lowe's Companies by 1.8% during the second quarter. First Business Financial Services Inc. now owns 6,688 shares of the home improvement retailer’s stock worth $519,000 after acquiring an additional 120 shares in the last quarter. Keel Point LLC boosted its stake in Lowe's Companies by 1.6% during the second quarter. Keel Point LLC now owns 8,263 shares of the home improvement retailer’s stock worth $641,000 after acquiring an additional 132 shares in the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in Lowe's Companies by 3.2% during the second quarter. TCI Wealth Advisors Inc. now owns 4,468 shares of the home improvement retailer’s stock worth $346,000 after acquiring an additional 137 shares in the last quarter. 72.41% 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 company’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 sale, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

Several research analysts have recently issued reports on the stock. Atlantic Securities downgraded shares of Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a research note on Tuesday, November 28th. Credit Suisse Group set a $116.00 target price on shares of Lowe's Companies and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Piper Jaffray Companies reiterated a “hold” rating and issued a $82.00 target price on shares of Lowe's Companies in a research note on Friday, November 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $103.00 target price on shares of Lowe's Companies in a research note on Friday, December 22nd. Finally, Barclays upgraded shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $96.35.

Shares of Lowe's Companies, Inc. (LOW) opened at $96.06 on Wednesday. Lowe's Companies, Inc. has a twelve month low of $70.76 and a twelve month high of $108.98. The company has a market cap of $79,710.00, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. equities research analysts predict that Lowe's Companies, Inc. will post 4.53 EPS for the current year.

Lowe's Companies announced that its Board of Directors has approved a share buyback plan on Friday, January 26th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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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.

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

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