Lowe’s Companies, Inc. (LOW) Position Increased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 23.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,966 shares of the home improvement retailer’s stock after buying an additional 1,303 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Lowe’s Companies were worth $573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. DF Dent & Co. Inc. bought a new position in Lowe’s Companies during the first quarter worth approximately $205,000. Bronson Point Management LLC acquired a new stake in shares of Lowe’s Companies during the first quarter valued at about $8,221,000. Omega Advisors Inc. acquired a new stake in shares of Lowe’s Companies during the first quarter valued at about $12,332,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Lowe’s Companies by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,035,484 shares of the home improvement retailer’s stock valued at $249,548,000 after buying an additional 140,437 shares in the last quarter. Finally, Brown Advisory Securities LLC boosted its stake in shares of Lowe’s Companies by 4.6% in the first quarter. Brown Advisory Securities LLC now owns 6,196 shares of the home improvement retailer’s stock valued at $512,000 after buying an additional 273 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) traded up 0.48% during trading on Friday, reaching $77.38. 708,312 shares of the company’s stock traded hands. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The stock has a market capitalization of $65.33 billion, a PE ratio of 24.26 and a beta of 1.08. The company has a 50 day moving average price of $76.72 and a 200 day moving average price of $79.37.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. The firm had revenue of $16.86 billion for the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. On average, equities analysts forecast that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th were given a dividend of $0.41 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Monday, July 24th. Lowe’s Companies’s dividend payout ratio is currently 51.57%.

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Several analysts have recently issued reports on LOW shares. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Tuesday, April 18th. Vetr raised shares of Lowe’s Companies from a “strong sell” rating to a “hold” rating and set a $83.11 price target on the stock in a research report on Monday, April 24th. Credit Suisse Group set a $94.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and set a $89.00 price target on shares of Lowe’s Companies in a research report on Friday, May 5th. Finally, Jefferies Group LLC increased their price target on shares of Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, May 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Hold” and an average target price of $85.23.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the sale, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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

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