Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,024 shares of the home improvement retailer’s stock after acquiring an additional 32,730 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Lowe's Companies were worth $26,398,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Atlantic Trust LLC bought a new position in shares of Lowe's Companies in the 2nd quarter worth about $105,000. Stonehearth Capital Management LLC bought a new position in shares of Lowe's Companies in the 4th quarter worth about $112,000. Cerebellum GP LLC bought a new position in shares of Lowe's Companies in the 4th quarter worth about $129,000. Horan Capital Advisors LLC. bought a new position in shares of Lowe's Companies in the 3rd quarter worth about $134,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Lowe's Companies by 50.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the home improvement retailer’s stock worth $139,000 after buying an additional 500 shares during the last quarter. 73.78% of the stock is owned by institutional investors.
A number of research analysts have recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $103.00 price target on shares of Lowe's Companies in a research report on Friday, December 22nd. Jefferies Group upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $81.00 to $129.00 in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Friday, February 2nd. Robert W. Baird set a $87.00 price objective on shares of Lowe's Companies and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Telsey Advisory Group lifted their price objective on shares of Lowe's Companies from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $96.35.
Shares of Lowe's Companies, Inc. (NYSE:LOW) opened at $95.65 on Wednesday. Lowe's Companies, Inc. has a 52-week low of $70.76 and a 52-week high of $108.98. The company has a market cap of $79,914.23, a PE ratio of 21.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02.
Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 EPS. Lowe's Companies’s revenue was up 6.6% on a year-over-year basis. sell-side analysts anticipate that Lowe's Companies, Inc. will post 4.53 earnings per share for the current fiscal year.
Lowe's Companies declared that its Board of Directors has initiated a stock buyback program on Friday, January 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the sale, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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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