Numeric Investors LLC Has $729,000 Stake in Lowe’s Companies, Inc. (LOW)

Numeric Investors LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 99.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,400 shares of the home improvement retailer’s stock after selling 1,447,700 shares during the period. Numeric Investors LLC’s holdings in Lowe’s Companies were worth $729,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Lowe’s Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after acquiring an additional 897,911 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. FMR LLC boosted its holdings in shares of Lowe’s Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock valued at $751,610,000 after acquiring an additional 3,732,153 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Lowe’s Companies by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after acquiring an additional 64,780 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after acquiring an additional 671,581 shares in the last quarter. 74.38% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts recently commented on the stock. Deutsche Bank AG reissued a “buy” rating and set a $90.00 price objective (up previously from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Gordon Haskett assumed coverage on shares of Lowe’s Companies in a report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective on the stock. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Robert W. Baird set a $87.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $82.00 price objective on shares of Lowe’s Companies in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.62.

Lowe’s Companies, Inc. (LOW) opened at $79.23 on Wednesday. The firm has a market cap of $64,892.61, a price-to-earnings ratio of 17.86, a PEG ratio of 1.26 and a beta of 1.13. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. Lowe’s Companies, Inc. has a 52 week low of $65.12 and a 52 week high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. Lowe’s Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 earnings per share. analysts anticipate that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 2.07%. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

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

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.

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

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