Captrust Financial Advisors acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,645 shares of the home improvement retailer’s stock, valued at approximately $903,000.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after purchasing an additional 2,650,045 shares during the period. Blue Edge Capital LLC purchased a new stake in Lowe’s Companies during the 1st quarter worth about $727,000. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Lowe’s Companies by 11.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after purchasing an additional 11,119 shares during the period. Summit Global Investments purchased a new stake in Lowe’s Companies during the 2nd quarter worth about $1,421,000. Finally, Ffcm LLC increased its holdings in Lowe’s Companies by 6.4% during the 2nd quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after purchasing an additional 1,853 shares during the period. Hedge funds and other institutional investors own 74.38% of the company’s stock.
A number of research analysts have recently commented on the company. KeyCorp assumed coverage on Lowe’s Companies in a report on Monday, November 6th. They issued an “overweight” rating and a $98.00 price objective on the stock. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Longbow Research reissued a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price objective on shares of Lowe’s Companies in a research report on Thursday, September 28th. Finally, Robert W. Baird set a $87.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $85.62.
In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the sale, the insider now directly owns 8,400 shares in the company, valued at $655,368. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.
Shares of Lowe’s Companies, Inc. (NYSE LOW) traded up $0.09 during trading hours on Monday, reaching $77.58. 1,660,000 shares of the company’s stock traded hands, compared to its average volume of 5,240,000. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.19 and a current ratio of 1.03. Lowe’s Companies, Inc. has a 52 week low of $65.12 and a 52 week high of $86.25. The firm has a market cap of $64,610.00, a P/E ratio of 17.85, a P/E/G ratio of 1.26 and a beta of 1.13.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. analysts expect that Lowe’s Companies, Inc. will post 4.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.11%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.
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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