Systematic Financial Management LP Has $2.16 Million Stake in Lowe’s Companies, Inc. (LOW)

Systematic Financial Management LP raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 165.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,255 shares of the home improvement retailer’s stock after buying an additional 16,355 shares during the period. Systematic Financial Management LP’s holdings in Lowe’s Companies were worth $2,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LOW. Washington Trust Bank raised its stake in shares of Lowe’s Companies by 27.4% in the first quarter. Washington Trust Bank now owns 1,238 shares of the home improvement retailer’s stock valued at $102,000 after buying an additional 266 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Lowe’s Companies during the first quarter valued at $109,000. Hanson McClain Inc. raised its stake in shares of Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares during the period. First Bank & Trust raised its stake in shares of Lowe’s Companies by 11.5% in the first quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 147 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Lowe’s Companies during the first quarter valued at $119,000. Institutional investors own 74.65% of the company’s stock.

Shares of Lowe’s Companies, Inc. (LOW) opened at 73.64 on Friday. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The firm has a market capitalization of $62.17 billion, a PE ratio of 23.09 and a beta of 1.08. The stock has a 50 day moving average price of $76.47 and a 200 day moving average price of $79.47.

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 for the quarter, missing the consensus estimate of $1.06 by $0.03. The business had revenue of $16.86 billion during the quarter, compared to the consensus estimate of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.23%. Lowe’s Companies’s dividend payout ratio is presently 51.57%.

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Several equities research analysts have recently commented on LOW shares. Jefferies Group LLC upped their target price on Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, May 12th. Zacks Investment Research lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Longbow Research reissued a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a report on Monday, August 14th. 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 research note on Monday, April 24th. Finally, BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.69.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the sale, the insider now directly owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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

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