Lowe’s Companies, Inc. (LOW) Stake Increased by Balasa Dinverno & Foltz LLC

Balasa Dinverno & Foltz LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,184 shares of the home improvement retailer’s stock after buying an additional 295 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Lowe’s Companies were worth $479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ironwood Financial llc lifted its holdings in Lowe’s Companies by 171.0% during the 4th quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after purchasing an additional 342 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in Lowe’s Companies by 360.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 512 shares during the last quarter. Mascoma Wealth Management LLC lifted its holdings in Lowe’s Companies by 76.9% during the 4th quarter. Mascoma Wealth Management LLC now owns 690 shares of the home improvement retailer’s stock worth $64,000 after purchasing an additional 300 shares during the last quarter. Columbia Asset Management acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $109,000. Finally, Reilly Financial Advisors LLC lifted its holdings in Lowe’s Companies by 19.2% during the 4th quarter. Reilly Financial Advisors LLC now owns 1,242 shares of the home improvement retailer’s stock worth $115,000 after purchasing an additional 200 shares during the last quarter. 76.55% of the stock is owned by institutional investors.

In related news, Director Brian C. Rogers acquired 10,000 shares of the company’s stock in a transaction on Friday, November 23rd. The stock was purchased at an average cost of $88.02 per share, with a total value of $880,200.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $880,200. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

Shares of NYSE LOW opened at $101.46 on Thursday. The firm has a market capitalization of $77.74 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 1.14 and a beta of 1.27. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68. Lowe’s Companies, Inc. has a fifty-two week low of $81.16 and a fifty-two week high of $117.70.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.06. The firm had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 EPS. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.

LOW has been the subject of several research reports. Jefferies Financial Group set a $119.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a report on Tuesday, November 20th. Barclays cut Lowe’s Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $120.00 to $105.00 in a report on Wednesday, January 9th. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 price target for the company in a report on Tuesday, October 23rd. Gordon Haskett cut Lowe’s Companies from an “accumulate” rating to a “hold” rating in a report on Thursday, November 8th. Finally, SunTrust Banks lifted their price target on Lowe’s Companies to $128.00 and gave the stock a “buy” rating in a report on Thursday, December 13th. Eleven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Lowe’s Companies presently has an average rating of “Buy” and an average target price of $111.36.

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Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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