Capital Investment Advisors LLC Purchases 169 Shares of Lowe’s Companies, Inc. (LOW)

Capital Investment Advisors LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,883 shares of the home improvement retailer’s stock after buying an additional 169 shares during the period. Capital Investment Advisors LLC’s holdings in Lowe’s Companies were worth $534,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its position in Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in Lowe’s Companies in the 1st quarter valued at $103,000. Hanson McClain Inc. lifted its stake in shares of Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after purchasing an additional 45 shares during the period. First Bank & Trust lifted its stake in shares of Lowe’s Companies by 11.5% in the 1st quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock valued at $117,000 after purchasing an additional 147 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at $119,000. Hedge funds and other institutional investors own 74.32% of the company’s stock.

LOW has been the topic of a number of analyst reports. Oppenheimer Holdings, Inc. set a $100.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, May 24th. Stifel Nicolaus cut their price target on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Goldman Sachs Group, Inc. (The) cut their price target on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Wolfe Research reissued an “outperform” rating and issued a $94.00 price target (down previously from $95.00) on shares of Lowe’s Companies in a research note on Sunday, May 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $89.00 price target (down previously from $94.00) on shares of Lowe’s Companies in a research note on Sunday, May 28th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and an average price target of $85.00.

Lowe’s Companies, Inc. (LOW) traded down 0.60% during trading on Friday, reaching $77.99. The company had a trading volume of 14,518,162 shares. The company has a 50-day moving average price of $76.21 and a 200 day moving average price of $79.61. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The company has a market capitalization of $64.95 billion, a price-to-earnings ratio of 22.14 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.

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About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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.

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

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