PVG Asset Management Corp acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 7,700 shares of the home improvement retailer’s stock, valued at approximately $616,000.
Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Lowe's Companies by 62.6% during 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 during the last quarter. Janus Henderson Group PLC grew its holdings in Lowe's Companies by 1,457.8% during 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 during the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Lowe's Companies by 2,147.5% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,600 shares of the home improvement retailer’s stock valued at $200,617,000 after purchasing an additional 2,397,937 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Lowe's Companies by 196.8% during the third quarter. Alyeska Investment Group L.P. now owns 3,284,209 shares of the home improvement retailer’s stock valued at $262,540,000 after purchasing an additional 2,177,496 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Lowe's Companies by 94.1% during 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 during the last quarter. 73.12% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the company. Zelman & Associates downgraded Lowe's Companies from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Barclays upgraded Lowe's Companies from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Robert W. Baird reiterated a “buy” rating and set a $110.00 price target on shares of Lowe's Companies in a report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $103.00 price target on shares of Lowe's Companies in a report on Friday, December 22nd. Finally, Guggenheim assumed coverage on Lowe's Companies in a report on Tuesday, December 12th. They set a “buy” rating and a $95.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company. Lowe's Companies currently has a consensus rating of “Hold” and a consensus target price of $88.62.
In related news, insider Nelson B. Peace sold 3,352 shares of the firm’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 completion of the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.
Shares of Lowe's Companies, Inc. (LOW) opened at $100.86 on Friday. The stock has a market cap of $79,441.27, a price-to-earnings ratio of 24.19, a PEG ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. Lowe's Companies, Inc. has a 52 week low of $70.76 and a 52 week high of $102.28.
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. The firm had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe's Companies’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. research analysts expect 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 given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.63%. Lowe's Companies’s dividend payout ratio (DPR) is currently 39.33%.
Lowe's Companies 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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