Banco de Sabadell S.A trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,345 shares of the home improvement retailer’s stock after selling 3,535 shares during the period. Lowe’s Companies comprises about 0.9% of Banco de Sabadell S.A’s investment portfolio, making the stock its 27th largest holding. Banco de Sabadell S.A’s holdings in Lowe’s Companies were worth $8,409,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. First Heartland Consultants Inc. acquired a new position in shares of Lowe’s Companies during the third quarter worth about $386,000. Bridges Investment Management Inc. boosted its position in shares of Lowe’s Companies by 16.4% during the third quarter. Bridges Investment Management Inc. now owns 112,945 shares of the home improvement retailer’s stock worth $12,968,000 after buying an additional 15,909 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Lowe’s Companies by 111.1% during the third quarter. Koshinski Asset Management Inc. now owns 13,261 shares of the home improvement retailer’s stock worth $1,523,000 after buying an additional 6,979 shares during the period. Captrust Financial Advisors boosted its position in shares of Lowe’s Companies by 83.8% during the third quarter. Captrust Financial Advisors now owns 135,928 shares of the home improvement retailer’s stock worth $15,607,000 after buying an additional 61,956 shares during the period. Finally, Resources Management Corp CT ADV acquired a new position in shares of Lowe’s Companies during the third quarter worth about $1,833,000. 74.34% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Brian C. Rogers bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were acquired at an average price of $88.02 per share, for a total transaction of $880,200.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $880,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.
Several research analysts have recently weighed in on LOW shares. Jefferies Financial Group started coverage on Lowe’s Companies in a research report on Tuesday, August 21st. They set a “buy” rating and a $118.00 price objective for the company. Wells Fargo & Co reaffirmed a “buy” rating on shares of Lowe’s Companies in a research report on Wednesday, August 22nd. Loop Capital set a $130.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Robert W. Baird upped their price objective on Lowe’s Companies from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. Finally, Stifel Nicolaus upped their price objective on Lowe’s Companies from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Ten equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus target price of $111.92.
LOW opened at $90.45 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $81.16 and a 52-week high of $117.70. The stock has a market cap of $74.96 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.30 and a beta of 1.55. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 1.00.
Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The business had revenue of $17.42 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. Lowe’s Companies’s revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that Lowe’s Companies, Inc. will post 5.11 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 2.12%. Lowe’s Companies’s payout ratio is presently 43.74%.
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Lowe’s Companies Company Profile
Lowe’s Cos., Inc engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors.
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