YorkBridge Wealth Partners LLC increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 177.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,112 shares of the home improvement retailer’s stock after acquiring an additional 3,271 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Lowe’s Companies were worth $409,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in LOW. BlackRock Inc. boosted its position 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 during the period. FMR LLC raised its stake in 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 purchasing an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC raised its stake in Lowe’s Companies by 1,457.8% in the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock valued at $293,669,000 after purchasing an additional 3,544,665 shares in the last quarter. Vanguard Group Inc. raised its stake in Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Lowe’s Companies by 94.1% in the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock valued at $269,960,000 after purchasing an additional 1,688,392 shares in the last quarter. Institutional investors own 73.40% of the company’s stock.
Shares of Lowe’s Companies, Inc. (NYSE LOW) traded up $0.21 during midday trading on Monday, hitting $85.81. 761,968 shares of the company traded hands, compared to its average volume of 5,977,356. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. Lowe’s Companies, Inc. has a 12 month low of $70.49 and a 12 month high of $88.55. The stock has a market capitalization of $71,027.50, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The company had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts predict that Lowe’s Companies, Inc. will post 4.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is 39.33%.
In related news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. 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 transaction of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,303 shares of company stock worth $1,047,406. 0.11% of the stock is owned by insiders.
A number of equities research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $95.00 target price on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $82.00 target price on shares of Lowe’s Companies in a research note on Friday, November 24th. Royal Bank Of Canada lowered their target price on shares of Lowe’s Companies from $85.00 to $81.00 and set an “outperform” rating on the stock in a research note on Thursday, August 24th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $87.40.
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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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