Buckingham Capital Management Inc. increased its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 30.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,046 shares of the home improvement retailer’s stock after acquiring an additional 9,566 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Lowe's Companies were worth $3,281,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Lowe's Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after buying an additional 897,911 shares in the last quarter. BlackRock Inc. raised its stake in Lowe's Companies by 1,757.3% during the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares in the last quarter. FMR LLC raised its stake 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 buying an additional 3,732,153 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Lowe's Companies by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after buying an additional 64,780 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Lowe's Companies by 8.2% during the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after buying an additional 671,581 shares in the last quarter. Institutional investors and hedge funds own 73.14% of the company’s stock.
A number of analysts have recently weighed in on LOW shares. Zacks Investment Research cut Lowe's Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Bank of America started coverage on Lowe's Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price target on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $81.00 price target on shares of Lowe's Companies in a research report on Monday, September 25th. Jefferies Group reiterated a “hold” rating and set a $75.00 price target on shares of Lowe's Companies in a research report on Thursday, September 28th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $80.00 price target on shares of Lowe's Companies in a research report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Lowe's Companies currently has a consensus rating of “Hold” and an average price target of $87.66.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. equities research analysts predict that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s payout ratio is currently 39.42%.
In other 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 transaction of $268,830.40. Following the completion of the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.
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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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