Arcadia Investment Management Corp MI Continues to Hold Stake in Lowe’s Companies, Inc. (LOW)

Arcadia Investment Management Corp MI continued to hold its position in Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,393 shares of the home improvement retailer’s stock at the end of the second quarter. Arcadia Investment Management Corp MI’s holdings in Lowe’s Companies were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Waldron LP bought a new position in shares of Lowe’s Companies in the first quarter worth approximately $364,000. Empire Life Investments Inc. bought a new position in shares of Lowe’s Companies in the first quarter worth approximately $17,350,000. Advisors Asset Management Inc. boosted its position in shares of Lowe’s Companies by 10.2% in the first quarter. Advisors Asset Management Inc. now owns 45,662 shares of the home improvement retailer’s stock worth $3,754,000 after purchasing an additional 4,208 shares during the period. American Century Companies Inc. boosted its position in shares of Lowe’s Companies by 65.7% in the first quarter. American Century Companies Inc. now owns 2,182,070 shares of the home improvement retailer’s stock worth $179,388,000 after purchasing an additional 865,109 shares during the period. Finally, Flinton Capital Management LLC boosted its position in shares of Lowe’s Companies by 28.3% in the first quarter. Flinton Capital Management LLC now owns 8,912 shares of the home improvement retailer’s stock worth $733,000 after purchasing an additional 1,968 shares during the period. Institutional investors and hedge funds own 74.22% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://transcriptdaily.com/2017/10/08/arcadia-investment-management-corp-mi-continues-to-hold-stake-in-lowes-companies-inc-low.html.

A number of research firms have weighed in on LOW. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a research report on Friday. Gordon Haskett began coverage on shares of Lowe’s Companies in a research report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target for the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $80.00 price target on shares of Lowe’s Companies in a research report on Friday, September 29th. Jefferies Group LLC reissued a “hold” rating and issued a $75.00 target price on shares of Lowe’s Companies in a report on Thursday, September 28th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $85.32.

Shares of Lowe’s Companies, Inc. (LOW) opened at 81.86 on Friday. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The stock has a 50 day moving average of $77.32 and a 200 day moving average of $79.43. The stock has a market cap of $68.17 billion, a P/E ratio of 23.24 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the 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 company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. On average, analysts expect that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.00%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

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.

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply