GAM Holding AG increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 36.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,921 shares of the home improvement retailer’s stock after purchasing an additional 2,931 shares during the quarter. GAM Holding AG’s holdings in Lowe’s Companies were worth $1,253,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in LOW. Boston Partners lifted its stake in Lowe’s Companies by 382.4% during the second quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock worth $457,230,000 after purchasing an additional 3,792,479 shares during the last quarter. Winslow Capital Management LLC acquired a new stake in Lowe’s Companies in the second quarter worth $303,908,000. Charles Schwab Investment Advisory Inc. acquired a new stake in Lowe’s Companies in the second quarter worth $266,540,000. Artisan Partners Limited Partnership acquired a new stake in Lowe’s Companies in the second quarter worth $206,665,000. Finally, FMR LLC increased its position in Lowe’s Companies by 8.0% in the third quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock worth $2,512,233,000 after buying an additional 1,616,536 shares during the period. Hedge funds and other institutional investors own 73.92% of the company’s stock.
In related news, CFO Marshall A. Croom sold 15,735 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the completion of the transaction, the chief financial officer now owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian C. Rogers bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were purchased at an average cost of $88.02 per share, with a total value of $880,200.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $880,200. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.
Several equities research analysts have weighed in on LOW shares. Zacks Investment Research lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Jefferies Financial Group started coverage on Lowe’s Companies in a research report on Tuesday, August 21st. They issued a “buy” rating and a $118.00 target price on the stock. Wells Fargo & Co reaffirmed a “buy” rating on shares of Lowe’s Companies in a research report on Wednesday, August 22nd. Loop Capital set a $130.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Finally, Robert W. Baird increased their target price on Lowe’s Companies from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Ten research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $109.54.
Shares of LOW stock opened at $90.95 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $81.16 and a fifty-two week high of $117.70. The stock has a market cap of $73.01 billion, a P/E ratio of 20.72, a PEG ratio of 1.24 and a beta of 1.55. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The business had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 2.11%. Lowe’s Companies’s dividend payout ratio is currently 43.74%.
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Lowe’s Companies Profile
Lowe’s Cos., Inc engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors.
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