Cohen Lawrence B boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,600 shares of the home improvement retailer’s stock after buying an additional 535 shares during the quarter. Cohen Lawrence B’s holdings in Lowe’s Companies were worth $969,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Comerica Securities Inc. grew its stake in shares of Lowe’s Companies by 6.3% in the fourth quarter. Comerica Securities Inc. now owns 13,753 shares of the home improvement retailer’s stock worth $1,270,000 after purchasing an additional 818 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lowe’s Companies by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,615,529 shares of the home improvement retailer’s stock valued at $241,571,000 after buying an additional 48,995 shares during the period. Geode Capital Management LLC lifted its holdings in Lowe’s Companies by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock valued at $952,946,000 after buying an additional 728,740 shares during the period. CAPROCK Group Inc. lifted its holdings in Lowe’s Companies by 6.8% in the first quarter. CAPROCK Group Inc. now owns 4,396 shares of the home improvement retailer’s stock valued at $481,000 after buying an additional 279 shares during the period. Finally, Carnick & Kubik Group LLC lifted its holdings in Lowe’s Companies by 5.7% in the first quarter. Carnick & Kubik Group LLC now owns 20,605 shares of the home improvement retailer’s stock valued at $2,256,000 after buying an additional 1,117 shares during the period. Institutional investors own 76.36% of the company’s stock.
In other news, EVP Donald Frieson acquired 2,030 shares of Lowe’s Companies stock in a transaction on Wednesday, June 19th. The stock was acquired at an average cost of $98.69 per share, with a total value of $200,340.70. Following the transaction, the executive vice president now owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marvin R. Ellison acquired 10,000 shares of Lowe’s Companies stock in a transaction on Friday, May 24th. The stock was purchased at an average cost of $95.05 per share, with a total value of $950,500.00. Following the completion of the transaction, the insider now directly owns 80,090 shares in the company, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. Insiders acquired a total of 12,280 shares of company stock valued at $1,174,566 over the last ninety days. 0.07% of the stock is currently owned by insiders.
Shares of LOW stock opened at $96.58 on Wednesday. Lowe’s Companies, Inc. has a 52-week low of $84.75 and a 52-week high of $118.23. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 6.37. The stock has a 50-day moving average price of $102.18. The company has a market cap of $77.16 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.65 billion. During the same period in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts predict that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.28%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, July 23rd. Lowe’s Companies’s dividend payout ratio is presently 42.80%.
Several equities analysts recently issued reports on the stock. Cfra restated a “hold” rating and issued a $105.00 target price on shares of Lowe’s Companies in a report on Friday, June 14th. Barclays boosted their target price on shares of Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, June 24th. SunTrust Banks reissued a “buy” rating and set a $120.00 target price on shares of Lowe’s Companies in a research report on Friday, May 24th. Gabelli reissued a “buy” rating on shares of Lowe’s Companies in a research report on Thursday, May 23rd. Finally, Morgan Stanley set a $123.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $112.88.
Lowe’s Companies Company Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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