Sandy Spring Bank Has $7.10 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Sandy Spring Bank decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 59,250 shares of the home improvement retailer’s stock after selling 2,551 shares during the period. Sandy Spring Bank’s holdings in Lowe’s Companies were worth $7,096,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LOW. M&G Investment Management Ltd. acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $193,572,000. Assenagon Asset Management S.A. increased its holdings in shares of Lowe’s Companies by 281.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,547,147 shares of the home improvement retailer’s stock valued at $185,286,000 after purchasing an additional 1,141,155 shares during the period. Bessemer Group Inc. increased its holdings in shares of Lowe’s Companies by 13,136.6% in the 4th quarter. Bessemer Group Inc. now owns 825,832 shares of the home improvement retailer’s stock valued at $98,901,000 after purchasing an additional 819,593 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $77,131,000. Finally, Broad Peak Investment Holdings Ltd. acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $61,123,000. Institutional investors own 75.09% of the company’s stock.

A number of equities analysts have recently weighed in on LOW shares. Barclays reiterated a “buy” rating and issued a $130.00 target price on shares of Lowe’s Companies in a report on Friday, November 22nd. UBS Group upped their target price on Lowe’s Companies from $125.00 to $130.00 and gave the company a “buy” rating in a report on Monday, October 28th. Robert W. Baird reiterated a “buy” rating and issued a $135.00 target price on shares of Lowe’s Companies in a report on Wednesday, November 20th. Guggenheim boosted their price target on Lowe’s Companies from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Goldman Sachs Group boosted their price target on Lowe’s Companies from $123.00 to $135.00 in a research note on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $130.08.

Shares of NYSE LOW traded up $0.65 during trading hours on Friday, hitting $125.42. The stock had a trading volume of 2,773,370 shares, compared to its average volume of 3,422,624. The company has a market capitalization of $92.90 billion, a P/E ratio of 33.18, a P/E/G ratio of 1.29 and a beta of 1.30. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04. The firm’s 50-day moving average price is $120.50 and its two-hundred day moving average price is $113.15. Lowe’s Companies, Inc. has a 52 week low of $91.60 and a 52 week high of $125.27.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.06. The firm had revenue of $17.39 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, analysts expect that Lowe’s Companies, Inc. will post 5.7 EPS for the current fiscal year.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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