Fort Point Capital Partners LLC Buys Shares of 3,410 Lowe’s Companies, Inc. (LOW)

Fort Point Capital Partners LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,410 shares of the home improvement retailer’s stock, valued at approximately $280,000.

A number of other institutional investors have also recently made changes to their positions in LOW. Lynch & Associates IN boosted its position in shares of Lowe’s Companies by 1.5% in the first quarter. Lynch & Associates IN now owns 36,304 shares of the home improvement retailer’s stock worth $2,985,000 after buying an additional 547 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Lowe’s Companies by 1.4% in the first quarter. Koshinski Asset Management Inc. now owns 6,391 shares of the home improvement retailer’s stock worth $525,000 after buying an additional 88 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Lowe’s Companies by 2.1% in the first quarter. Quadrant Capital Group LLC now owns 5,747 shares of the home improvement retailer’s stock worth $464,000 after buying an additional 118 shares during the period. Newman Dignan & Sheerar Inc. boosted its position in shares of Lowe’s Companies by 5.1% in the first quarter. Newman Dignan & Sheerar Inc. now owns 16,082 shares of the home improvement retailer’s stock worth $1,322,000 after buying an additional 775 shares during the period. Finally, National Pension Service boosted its position in shares of Lowe’s Companies by 2.4% in the first quarter. National Pension Service now owns 646,624 shares of the home improvement retailer’s stock worth $53,217,000 after buying an additional 15,185 shares during the period. Institutional investors own 74.70% of the company’s stock.

Shares of Lowe’s Companies, Inc. (LOW) traded up 0.4496% during trading on Friday, reaching $77.3562. The company had a trading volume of 813,217 shares. The stock has a market capitalization of $65.31 billion, a PE ratio of 24.2572 and a beta of 1.08. The stock’s 50-day moving average price is $76.72 and its 200-day moving average price is $79.37. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $16.86 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. Equities analysts forecast that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were paid 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 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, July 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 51.57%.

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LOW has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Tuesday, April 18th. Vetr upgraded Lowe’s Companies from a “strong sell” rating to a “hold” rating and set a $83.11 target price for the company in a report on Monday, April 24th. Credit Suisse Group set a $94.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, May 2nd. BMO Capital Markets restated a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a report on Friday, May 5th. Finally, Jefferies Group LLC raised their target price on Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a report on Friday, May 12th. Three 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 currently has an average rating of “Hold” and an average target price of $85.23.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

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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