Sterling Capital Management LLC lifted its stake in Lowe's Companies, Inc. (NYSE:LOW) by 5,728.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 984,974 shares of the home improvement retailer’s stock after acquiring an additional 968,075 shares during the period. Sterling Capital Management LLC owned 0.12% of Lowe's Companies worth $78,739,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in Lowe's Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after purchasing an additional 3,732,153 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Lowe's Companies by 1,457.8% during the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after purchasing an additional 3,544,665 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Lowe's Companies by 2,147.5% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,600 shares of the home improvement retailer’s stock valued at $200,617,000 after purchasing an additional 2,397,937 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Lowe's Companies by 196.8% during the third quarter. Alyeska Investment Group L.P. now owns 3,284,209 shares of the home improvement retailer’s stock valued at $262,540,000 after purchasing an additional 2,177,496 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Lowe's Companies by 94.1% during the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock valued at $269,960,000 after purchasing an additional 1,688,392 shares during the last quarter. 73.12% of the stock is owned by institutional investors.
Several analysts recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $103.00 target price on shares of Lowe's Companies in a research note on Friday, December 22nd. Jefferies Group reissued a “hold” rating and set a $75.00 target price on shares of Lowe's Companies in a research note on Thursday, September 28th. Piper Jaffray Companies reissued a “hold” rating and set a $80.00 target price on shares of Lowe's Companies in a research note on Friday, September 29th. Gordon Haskett assumed coverage on shares of Lowe's Companies in a research note on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price for the company. Finally, Zacks Investment Research raised shares of Lowe's Companies from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $88.62.
Shares of Lowe's Companies, Inc. (NYSE:LOW) opened at $100.86 on Friday. The stock has a market cap of $83,689.70, a P/E ratio of 22.36, a PEG ratio of 1.52 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe's Companies, Inc. has a 1-year low of $70.76 and a 1-year high of $102.28.
Lowe's Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. analysts forecast that Lowe's Companies, Inc. will post 4.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.41 dividend. 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 is presently 39.33%.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.
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Lowe's Companies Company 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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