California Public Employees Retirement System raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW) by 5.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,247,966 shares of the home improvement retailer’s stock after buying an additional 117,946 shares during the quarter. California Public Employees Retirement System owned 0.27% of Lowe's Companies worth $179,702,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Lowe's Companies in the second quarter worth approximately $233,000. Atlantic Trust LLC purchased a new stake in shares of Lowe's Companies in the second quarter worth approximately $105,000. IHT Wealth Management LLC lifted its position in shares of Lowe's Companies by 8.7% in the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $154,000 after purchasing an additional 110 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Lowe's Companies by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after purchasing an additional 110 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new stake in shares of Lowe's Companies in the third quarter worth approximately $134,000. 73.12% of the stock is owned by institutional investors.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at $372,930. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.
Lowe's Companies, Inc. (LOW) opened at $100.86 on Friday. Lowe's Companies, Inc. has a twelve month low of $70.76 and a twelve month high of $102.28. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. The company has a market capitalization of $79,441.27, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14.
Lowe's Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The company had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter last year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts forecast that Lowe's Companies, Inc. will post 4.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.63%. Lowe's Companies’s dividend payout ratio (DPR) is presently 39.33%.
LOW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Lowe's Companies from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Royal Bank of Canada reissued a “buy” rating and issued a $81.00 price target on shares of Lowe's Companies in a research report on Monday, September 25th. Jefferies Group reissued a “hold” rating and issued a $75.00 price target on shares of Lowe's Companies in a research report on Thursday, September 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $80.00 price target on shares of Lowe's Companies in a research report on Friday, September 29th. Finally, Gordon Haskett initiated coverage on shares of Lowe's Companies in a research report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target for the company. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have assigned a buy rating to the company. Lowe's Companies has a consensus rating of “Hold” and an average price target of $88.62.
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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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