Achmea Investment Management B.V. Has $11.45 Million Position in Lowe’s (LOW)

Achmea Investment Management B.V. lifted its position in shares of Lowe’s (NYSE:LOW) by 20.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 130,572 shares of the home improvement retailer’s stock after buying an additional 22,252 shares during the quarter. Achmea Investment Management B.V.’s holdings in Lowe’s were worth $11,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Magellan Asset Management Ltd lifted its stake in Lowe’s by 4.5% in the 4th quarter. Magellan Asset Management Ltd now owns 24,499,155 shares of the home improvement retailer’s stock worth $2,276,951,000 after purchasing an additional 1,059,347 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lowe’s by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,116,711 shares of the home improvement retailer’s stock worth $845,590,000 after purchasing an additional 187,857 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Lowe’s by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 8,540,774 shares of the home improvement retailer’s stock worth $793,780,000 after purchasing an additional 208,072 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Lowe’s by 0.8% in the 1st quarter. OppenheimerFunds Inc. now owns 6,093,631 shares of the home improvement retailer’s stock worth $534,715,000 after purchasing an additional 48,900 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Lowe’s by 33.4% in the 4th quarter. Lazard Asset Management LLC now owns 3,615,861 shares of the home improvement retailer’s stock worth $336,056,000 after purchasing an additional 905,463 shares in the last quarter. Institutional investors own 72.91% of the company’s stock.

Several brokerages have commented on LOW. Zacks Investment Research cut shares of Lowe’s from a “hold” rating to a “sell” rating in a research note on Thursday, May 24th. Loop Capital began coverage on shares of Lowe’s in a research note on Thursday, March 1st. They issued a “hold” rating and a $88.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $110.00 price target on shares of Lowe’s in a research note on Thursday, March 1st. Wedbush set a $92.00 price target on shares of Lowe’s and gave the stock a “hold” rating in a research note on Thursday, May 24th. Finally, Credit Suisse Group set a $111.00 price target on shares of Lowe’s and gave the stock a “buy” rating in a research note on Wednesday, May 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Lowe’s has a consensus rating of “Buy” and a consensus target price of $100.79.

Shares of Lowe’s opened at $100.22 on Friday, Marketbeat reports. The stock has a market cap of $81.79 billion, a P/E ratio of 22.03, a PEG ratio of 1.11 and a beta of 1.35. Lowe’s has a 12 month low of $70.76 and a 12 month high of $108.98. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.18 and a current ratio of 1.02.

Lowe’s (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 23rd. The home improvement retailer reported $1.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.03). The firm had revenue of $17.36 billion for the quarter, compared to the consensus estimate of $17.44 billion. Lowe’s had a net margin of 5.55% and a return on equity of 66.36%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. equities analysts forecast that Lowe’s will post 5.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 8th. Investors of record on Wednesday, July 25th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.92%. This is an increase from Lowe’s’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, July 24th. Lowe’s’s dividend payout ratio is presently 37.36%.

About Lowe’s

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer 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 and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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