Prospector Partners LLC raised its stake in Lowe's Companies, Inc. (NYSE:LOW) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,700 shares of the home improvement retailer’s stock after purchasing an additional 14,200 shares during the quarter. Lowe's Companies comprises approximately 1.3% of Prospector Partners LLC’s holdings, making the stock its 26th biggest holding. Prospector Partners LLC’s holdings in Lowe's Companies were worth $8,769,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Atlantic Trust LLC acquired a new position in shares of Lowe's Companies during the 2nd quarter valued at $105,000. State of Alaska Department of Revenue lifted its holdings in shares of Lowe's Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares in the last quarter. Motco lifted its holdings in shares of Lowe's Companies by 33.4% during the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after acquiring an additional 432 shares in the last quarter. Horan Capital Advisors LLC. acquired a new position in shares of Lowe's Companies during the 3rd quarter valued at $134,000. Finally, IHT Wealth Management LLC lifted its holdings in shares of Lowe's Companies by 8.7% during the 2nd quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock valued at $154,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 73.12% of the company’s stock.
Several equities analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $103.00 target price on shares of Lowe's Companies in a report on Friday, December 22nd. Robert W. Baird restated a “buy” rating and set a $110.00 target price on shares of Lowe's Companies in a report on Wednesday, January 3rd. Jefferies Group restated a “hold” rating and set a $75.00 target price on shares of Lowe's Companies in a report on Thursday, September 28th. Piper Jaffray Companies restated a “hold” rating and set a $80.00 target price on shares of Lowe's Companies in a report on Friday, September 29th. Finally, Gordon Haskett assumed coverage on shares of Lowe's Companies in a report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $88.62.
Lowe's Companies, Inc. (NYSE LOW) opened at $94.55 on Wednesday. Lowe's Companies, Inc. has a 1-year low of $70.56 and a 1-year high of $95.13. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. The company has a market cap of $78,450.00, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data 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 firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. equities analysts expect that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s payout ratio is currently 39.42%.
Lowe's Companies 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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