Aurdan Capital Management LLC Has $8.24 Million Position in Lowe’s Companies, Inc. $LOW

Aurdan Capital Management LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 10.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,773 shares of the home improvement retailer’s stock after selling 3,892 shares during the quarter. Lowe’s Companies accounts for 2.6% of Aurdan Capital Management LLC’s portfolio, making the stock its 7th largest position. Aurdan Capital Management LLC’s holdings in Lowe’s Companies were worth $8,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LOW. Norges Bank acquired a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $1,773,624,000. Tableaux LLC bought a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $282,884,000. Laurel Wealth Advisors LLC grew its stake in shares of Lowe’s Companies by 22,167.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after acquiring an additional 1,027,683 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of Lowe’s Companies by 243.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after purchasing an additional 791,526 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Lowe’s Companies by 101.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock worth $312,866,000 after purchasing an additional 626,829 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. HSBC reduced their price objective on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Wells Fargo & Company dropped their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Royal Bank Of Canada decreased their price target on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research note on Thursday, November 20th. Finally, DA Davidson lowered their price target on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.81.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Down 0.4%

Shares of NYSE LOW opened at $274.85 on Friday. The business’s 50 day moving average price is $256.54 and its two-hundred day moving average price is $249.22. The company has a market cap of $154.18 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 4.31 and a beta of 0.97. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $281.36.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period last year, the firm posted $2.89 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, January 21st. Lowe’s Companies’s payout ratio is 39.80%.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.