Family Legacy Inc. raised its stake in Lowe's Companies, Inc. (NYSE:LOW) by 144.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,545 shares of the home improvement retailer’s stock after purchasing an additional 11,545 shares during the period. Lowe's Companies accounts for approximately 1.6% of Family Legacy Inc.’s holdings, making the stock its 21st biggest holding. Family Legacy Inc.’s holdings in Lowe's Companies were worth $1,817,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Global Investments bought a new position in shares of Lowe's Companies in the 2nd quarter worth about $1,421,000. Glenview State Bank Trust DEPT. acquired a new stake in Lowe's Companies during the fourth quarter worth about $204,000. Ffcm LLC raised its stake in Lowe's Companies by 6.4% during the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after acquiring an additional 1,853 shares during the period. Burney Co. lifted its holdings in Lowe's Companies by 3.9% in the second quarter. Burney Co. now owns 145,724 shares of the home improvement retailer’s stock worth $11,162,000 after acquiring an additional 5,453 shares during the last quarter. Finally, PGGM Investments lifted its holdings in Lowe's Companies by 45.8% in the third quarter. PGGM Investments now owns 986,226 shares of the home improvement retailer’s stock worth $78,839,000 after acquiring an additional 309,870 shares during the last quarter. 72.41% of the stock is owned by institutional investors.
Lowe's Companies, Inc. (NYSE LOW) traded up $1.03 on Wednesday, hitting $97.09. The stock had a trading volume of 3,943,520 shares, compared to its average volume of 6,351,219. Lowe's Companies, Inc. has a 12 month low of $70.76 and a 12 month high of $108.98. The company has a market cap of $79,910.00, a P/E ratio of 23.15, a PEG ratio of 0.91 and a beta of 1.19. 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 (NYSE:LOW) last released its 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. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period in the previous year, the company earned $0.88 earnings per share. Lowe's Companies’s revenue was up 6.6% compared to the same quarter last year. research analysts expect that Lowe's Companies, Inc. will post 4.53 earnings per share for the current fiscal year.
Lowe's Companies announced that its Board of Directors has approved a stock repurchase plan on Friday, January 26th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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 shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.
Several equities analysts have recently commented on the company. Credit Suisse Group set a $116.00 target price on Lowe's Companies and gave the company a “buy” rating in a report on Tuesday, January 16th. Robert W. Baird set a $87.00 price objective on Lowe's Companies and gave the company a “buy” rating in a research report on Tuesday, October 31st. Royal Bank of Canada set a $81.00 target price on Lowe's Companies and gave the stock a “buy” rating in a research report on Monday, October 30th. BMO Capital Markets reiterated a “hold” rating and issued a $82.00 target price on shares of Lowe's Companies in a research note on Thursday, November 2nd. Finally, Telsey Advisory Group upped their price target on shares of Lowe's Companies from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have given a buy rating to the company’s stock. Lowe's Companies has an average rating of “Buy” and a consensus target price of $96.35.
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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.
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