Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new position in Lowe's Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 100,874 shares of the home improvement retailer’s stock, valued at approximately $8,064,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in Lowe's Companies by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock worth $453,000 after purchasing an additional 15 shares during the last quarter. Bank of Stockton lifted its holdings in shares of Lowe's Companies by 0.6% during the second quarter. Bank of Stockton now owns 4,670 shares of the home improvement retailer’s stock worth $362,000 after buying an additional 30 shares during the last quarter. Brave Asset Management Inc. lifted its holdings in shares of Lowe's Companies by 1.5% during the second quarter. Brave Asset Management Inc. now owns 2,927 shares of the home improvement retailer’s stock worth $227,000 after buying an additional 42 shares during the last quarter. CHICAGO TRUST Co NA lifted its holdings in shares of Lowe's Companies by 1.3% during the second quarter. CHICAGO TRUST Co NA now owns 3,606 shares of the home improvement retailer’s stock worth $280,000 after buying an additional 46 shares during the last quarter. Finally, Allegis Investment Advisors LLC lifted its holdings in shares of Lowe's Companies by 0.6% during the second quarter. Allegis Investment Advisors LLC now owns 10,176 shares of the home improvement retailer’s stock worth $789,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now directly owns 4,650 shares in the company, valued at $372,930. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.
LOW has been the subject of a number of research analyst reports. Deutsche Bank reiterated a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Lowe's Companies in a report on Friday, October 6th. BMO Capital Markets reiterated a “hold” rating and set a $82.00 price target on shares of Lowe's Companies in a report on Thursday, November 2nd. Robert W. Baird set a $87.00 price target on Lowe's Companies and gave the stock a “buy” rating in a report on Tuesday, October 31st. Royal Bank of Canada set a $81.00 price target on Lowe's Companies and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Telsey Advisory Group upped their price target on Lowe's Companies from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have issued a buy rating to the company’s stock. Lowe's Companies has a consensus rating of “Hold” and an average target price of $88.62.
Shares of Lowe's Companies, Inc. (LOW) traded up $5.12 during trading hours on Friday, reaching $100.86. The company’s stock had a trading volume of 14,246,152 shares, compared to its average volume of 6,240,000. Lowe's Companies, Inc. has a 52-week low of $70.76 and a 52-week high of $102.28. The company has a market capitalization of $83,690.00, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.
Lowe's Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. equities research analysts forecast that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal 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 given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is 39.42%.
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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