Dowling & Yahnke LLC grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 53,726 shares of the home improvement retailer’s stock after purchasing an additional 954 shares during the period. Dowling & Yahnke LLC’s holdings in Lowe's Companies were worth $4,993,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Atlantic Trust LLC bought a new stake in Lowe's Companies during the 2nd quarter worth about $105,000. Stonehearth Capital Management LLC bought a new stake in Lowe's Companies during the 4th quarter worth about $112,000. Cerebellum GP LLC bought a new stake in shares of Lowe's Companies in the 4th quarter valued at about $129,000. Motco raised its holdings in shares of Lowe's Companies by 33.4% in the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after purchasing an additional 432 shares during the period. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Lowe's Companies in the 3rd quarter valued at about $134,000. 72.54% of the stock is currently owned by hedge funds and other institutional investors.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at approximately $372,930. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.
Lowe's Companies, Inc. (NYSE:LOW) opened at $97.17 on Friday. Lowe's Companies, Inc. has a 52 week low of $70.76 and a 52 week high of $108.98. The company has a market cap of $82,460.00, a PE ratio of 23.36, a P/E/G ratio of 0.93 and a beta of 1.19. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.
Lowe's Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the business earned $0.88 EPS. Lowe's Companies’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts forecast that Lowe's Companies, Inc. will post 4.53 earnings per share for the current year.
Lowe's Companies declared that its Board of Directors has initiated a share buyback program on Friday, January 26th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
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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