Lowe’s Companies, Inc. (NYSE:LOW) Position Increased by Tlwm

Tlwm raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,906 shares of the home improvement retailer’s stock after buying an additional 73 shares during the quarter. Tlwm’s holdings in Lowe’s Companies were worth $949,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Farr Miller & Washington LLC DC increased its holdings in shares of Lowe’s Companies by 1.6% in the 1st quarter. Farr Miller & Washington LLC DC now owns 311,134 shares of the home improvement retailer’s stock valued at $59,171,000 after purchasing an additional 5,013 shares during the period. Alta Capital Management LLC increased its holdings in Lowe’s Companies by 54.6% in the first quarter. Alta Capital Management LLC now owns 182,469 shares of the home improvement retailer’s stock worth $34,702,000 after buying an additional 64,429 shares during the last quarter. Horizon Investments LLC acquired a new position in Lowe’s Companies in the first quarter worth approximately $5,130,000. Burney Co. increased its holdings in Lowe’s Companies by 4.0% in the second quarter. Burney Co. now owns 39,481 shares of the home improvement retailer’s stock worth $7,658,000 after buying an additional 1,509 shares during the last quarter. Finally, Trust Investment Advisors increased its holdings in Lowe’s Companies by 3.4% in the second quarter. Trust Investment Advisors now owns 4,600 shares of the home improvement retailer’s stock worth $892,000 after buying an additional 150 shares during the last quarter. 72.80% of the stock is owned by institutional investors.

LOW has been the topic of a number of research reports. DA Davidson restated a “buy” rating on shares of Lowe’s Companies in a report on Thursday, August 19th. Robert W. Baird increased their price target on Lowe’s Companies from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, May 20th. Morgan Stanley increased their price target on Lowe’s Companies from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, August 31st. Wedbush downgraded Lowe’s Companies from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $225.00 to $210.00 in a report on Monday, July 26th. Finally, OTR Global downgraded Lowe’s Companies to a “positive” rating in a report on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $216.26.

NYSE LOW traded up $0.22 during trading on Wednesday, hitting $204.39. The stock had a trading volume of 79,865 shares, compared to its average volume of 3,904,635. The company has a market capitalization of $141.53 billion, a PE ratio of 21.07, a P/E/G ratio of 1.26 and a beta of 1.34. The company’s 50-day moving average price is $197.79 and its two-hundred day moving average price is $192.88. The company has a debt-to-equity ratio of 49.23, a quick ratio of 0.36 and a current ratio of 1.16. Lowe’s Companies, Inc. has a 12 month low of $146.72 and a 12 month high of $215.22.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, August 17th. The home improvement retailer reported $4.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.01 by $0.24. The firm had revenue of $27.57 billion for the quarter, compared to analysts’ expectations of $26.76 billion. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.75 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 3rd. Shareholders of record on Wednesday, October 20th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Tuesday, October 19th. Lowe’s Companies’s dividend payout ratio (DPR) is 36.12%.

Lowe’s Companies Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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