Skandinaviska Enskilda Banken AB publ lifted its position in Lowe's Companies, Inc. (NYSE:LOW) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,123 shares of the home improvement retailer’s stock after acquiring an additional 4,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Lowe's Companies were worth $11,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Cambria Investment Management L.P. boosted its stake in Lowe's Companies by 1.2% during the first quarter. Cambria Investment Management L.P. now owns 25,420 shares of the home improvement retailer’s stock worth $2,090,000 after buying an additional 310 shares during the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund boosted its stake in Lowe's Companies by 61.2% during the first quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 32,859 shares of the home improvement retailer’s stock worth $2,701,000 after buying an additional 12,469 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Lowe's Companies during the first quarter worth $103,000. Colony Group LLC boosted its stake in Lowe's Companies by 2.2% during the first quarter. Colony Group LLC now owns 204,098 shares of the home improvement retailer’s stock worth $16,779,000 after buying an additional 4,452 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its stake in Lowe's Companies by 39.9% during the first quarter. Archford Capital Strategies LLC now owns 4,802 shares of the home improvement retailer’s stock worth $395,000 after buying an additional 1,370 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors.
Shares of Lowe's Companies, Inc. (NYSE LOW) opened at $92.74 on Friday. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $76,354.56, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.39 and a beta of 1.14. Lowe's Companies, Inc. has a 1-year low of $70.54 and a 1-year high of $93.55.
Lowe's Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. research analysts forecast that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.
The company also recently disclosed 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 dividend yield of 1.77%. Lowe's Companies’s dividend payout ratio is presently 39.33%.
LOW has been the topic of a number of recent research reports. Gordon Haskett initiated coverage on Lowe's Companies in a research note on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price objective on the stock. Deutsche Bank reissued a “buy” rating and set a $90.00 price objective (up previously from $85.00) on shares of Lowe's Companies in a research note on Friday, October 6th. Royal Bank of Canada reissued a “buy” rating and set a $81.00 price objective on shares of Lowe's Companies in a research note on Monday, September 25th. Zacks Investment Research raised Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday, November 1st. Finally, Robert W. Baird set a $87.00 price objective on Lowe's Companies and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $88.62.
In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by insiders.
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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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