Douglass Winthrop Advisors LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 85.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,619 shares of the home improvement retailer’s stock after purchasing an additional 5,800 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Lowe's Companies were worth $1,173,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new stake in shares of Lowe's Companies during the fourth quarter worth approximately $106,000. Stonehearth Capital Management LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth approximately $112,000. Atlantic Trust LLC purchased a new stake in shares of Lowe's Companies during the second quarter worth approximately $105,000. IHT Wealth Management LLC raised its stake in shares of Lowe's Companies by 8.7% during 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 during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth approximately $129,000. Institutional investors and hedge funds own 74.08% of the company’s stock.
Lowe's Companies, Inc. (LOW) traded up $0.24 on Wednesday, hitting $86.38. The company had a trading volume of 7,039,736 shares, compared to its average volume of 7,164,915. The company has a current ratio of 1.06, a quick ratio of 0.11 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $70,980.00, a price-to-earnings ratio of 21.12, a P/E/G ratio of 0.93 and a beta of 1.30. Lowe's Companies, Inc. has a fifty-two week low of $70.76 and a fifty-two week high of $108.98.
Lowe's Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 28th. The home improvement retailer reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.13). The company had revenue of $15.49 billion for the quarter, compared to analyst estimates of $15.34 billion. Lowe's Companies had a net margin of 5.02% and a return on equity of 65.17%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. research analysts forecast that Lowe's Companies, Inc. will post 5.47 earnings per share for the current fiscal year.
Lowe's Companies announced that its board has approved a share repurchase plan on Friday, January 26th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently commented on LOW shares. Credit Suisse Group set a $88.00 price target on Lowe's Companies and gave the stock a “hold” rating in a research note on Friday, November 24th. Royal Bank of Canada upped their price objective on Lowe's Companies from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Morgan Stanley set a $115.00 price objective on Lowe's Companies and gave the stock a “buy” rating in a report on Monday, January 22nd. Barclays raised Lowe's Companies from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Finally, BTIG Research upped their price objective on Lowe's Companies to $115.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $97.93.
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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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