Atlanta Capital Management Co. L L C Trims Stake in Lowe’s Companies, Inc. (LOW)

Atlanta Capital Management Co. L L C reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 280,087 shares of the home improvement retailer’s stock after selling 3,355 shares during the quarter. Atlanta Capital Management Co. L L C’s holdings in Lowe’s Companies were worth $25,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in Lowe’s Companies by 383.1% during the 3rd quarter. Acadian Asset Management LLC now owns 9,537 shares of the home improvement retailer’s stock worth $1,095,000 after buying an additional 7,563 shares in the last quarter. Global Financial Private Capital LLC acquired a new position in Lowe’s Companies during the 3rd quarter worth $208,000. Edgestream Partners L.P. lifted its holdings in Lowe’s Companies by 16.7% during the 3rd quarter. Edgestream Partners L.P. now owns 4,085 shares of the home improvement retailer’s stock worth $469,000 after buying an additional 586 shares in the last quarter. Highstreet Asset Management Inc. lifted its holdings in Lowe’s Companies by 13.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 29,393 shares of the home improvement retailer’s stock worth $3,375,000 after buying an additional 3,438 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in Lowe’s Companies by 38.7% during the 3rd quarter. MML Investors Services LLC now owns 81,767 shares of the home improvement retailer’s stock worth $9,388,000 after buying an additional 22,809 shares in the last quarter. 74.78% of the stock is owned by hedge funds and other institutional investors.

LOW has been the topic of several research reports. ValuEngine downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Loop Capital set a $125.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, November 21st. Piper Jaffray Companies reduced their price objective on Lowe’s Companies from $110.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, November 21st. Wells Fargo & Co upped their price objective on Lowe’s Companies from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, December 13th. Finally, SunTrust Banks upped their price objective on Lowe’s Companies to $128.00 and gave the stock a “buy” rating in a report on Thursday, December 13th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $113.13.

LOW stock opened at $100.81 on Friday. The firm has a market capitalization of $80.99 billion, a PE ratio of 19.61, a P/E/G ratio of 1.17 and a beta of 1.27. Lowe’s Companies, Inc. has a twelve month low of $81.16 and a twelve month high of $117.70. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.11 and a current ratio of 0.98.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

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Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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