Ladenburg Thalmann Financial Services Inc. grew its position in shares of Lowe's Companies, Inc. (NYSE:LOW) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,518 shares of the home improvement retailer’s stock after buying an additional 3,497 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Lowe's Companies were worth $6,365,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Atlantic Trust LLC acquired a new stake in Lowe's Companies in the second quarter worth $105,000. Almanack Investment Partners LLC. acquired a new stake in Lowe's Companies in the fourth quarter worth $106,000. Stonehearth Capital Management LLC acquired a new stake in Lowe's Companies in the fourth quarter worth $112,000. Truewealth LLC acquired a new stake in Lowe's Companies in the fourth quarter worth $128,000. Finally, Cerebellum GP LLC acquired a new stake in Lowe's Companies in the fourth quarter worth $129,000. 73.81% of the stock is currently owned by hedge funds and other institutional investors.
LOW has been the topic of a number of research analyst reports. Loop Capital initiated coverage on shares of Lowe's Companies in a report on Thursday, March 1st. They set a “hold” rating and a $88.00 price objective on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $95.00 target price (up previously from $82.00) on shares of Lowe's Companies in a research report on Thursday, March 1st. Telsey Advisory Group raised shares of Lowe's Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $83.00 to $124.00 in a research report on Thursday, January 25th. Credit Suisse Group reissued an “outperform” rating and issued a $111.00 price objective on shares of Lowe's Companies in a research report on Monday, March 5th. Finally, Sanford C. Bernstein raised shares of Lowe's Companies from an “underperform” rating to an “outperform” rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company. Lowe's Companies presently has an average rating of “Buy” and a consensus target price of $97.93.
Shares of LOW stock traded down $0.51 on Friday, hitting $88.24. The stock had a trading volume of 8,757,147 shares, compared to its average volume of 7,366,811. The company has a market cap of $73,239.20, a P/E ratio of 20.10, a P/E/G ratio of 0.94 and a beta of 1.32. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.11. Lowe's Companies, Inc. has a 12-month low of $70.76 and a 12-month high of $108.98.
Lowe's Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 28th. The home improvement retailer reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.13). The firm had revenue of $15.49 billion during the quarter, compared to analysts’ expectations of $15.34 billion. Lowe's Companies had a net margin of 5.02% and a return on equity of 65.17%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. research analysts expect that Lowe's Companies, Inc. will post 5.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Wednesday, April 25th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.86%. Lowe's Companies’s payout ratio is currently 37.36%.
Lowe's Companies declared that its board has authorized a stock buyback 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 reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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Lowe's Companies Company Profile
Lowe's Companies, Inc operates as a home improvement company in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and home fashions.
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