Zurich Insurance Group Ltd FI increased its position in Lowe’s Cos. (NYSE:LOW) by 76.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,059 shares of the home improvement retailer’s stock after buying an additional 67,826 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Lowe’s Cos. were worth $12,355,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of Lowe’s Cos. by 35.7% in the second quarter. Huntington National Bank now owns 355,482 shares of the home improvement retailer’s stock worth $28,144,000 after buying an additional 93,569 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Lowe’s Cos. by 1.1% in the second quarter. Cullen Frost Bankers Inc. now owns 289,250 shares of the home improvement retailer’s stock worth $22,900,000 after buying an additional 3,232 shares in the last quarter. BB&T Corp boosted its stake in shares of Lowe’s Cos. by 16.3% in the second quarter. BB&T Corp now owns 180,176 shares of the home improvement retailer’s stock worth $14,265,000 after buying an additional 25,204 shares in the last quarter. Ardevora Asset Management LLP boosted its stake in shares of Lowe’s Cos. by 11.8% in the second quarter. Ardevora Asset Management LLP now owns 297,300 shares of the home improvement retailer’s stock worth $23,537,000 after buying an additional 31,400 shares in the last quarter. Finally, Boston Advisors LLC boosted its stake in shares of Lowe’s Cos. by 532.4% in the second quarter. Boston Advisors LLC now owns 393,423 shares of the home improvement retailer’s stock worth $31,147,000 after buying an additional 331,216 shares in the last quarter. 75.50% of the stock is owned by institutional investors.

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

Shares of Lowe’s Cos. (NYSE:LOW) traded up 0.39% during mid-day trading on Friday, reaching $69.73. The company had a trading volume of 6,572,323 shares. The firm has a market capitalization of $60.99 billion, a price-to-earnings ratio of 22.60 and a beta of 1.25. The stock has a 50 day moving average of $69.73 and a 200-day moving average of $75.98. Lowe’s Cos. has a one year low of $62.62 and a one year high of $83.65.

Lowe’s Cos. (NYSE:LOW) last posted its earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $18.26 billion for the quarter, compared to the consensus estimate of $18.42 billion. Lowe’s Cos. had a return on equity of 43.38% and a net margin of 4.58%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. Equities analysts predict that Lowe’s Cos. will post $4.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.01%. Lowe’s Cos.’s payout ratio is presently 45.16%.

Several equities analysts recently weighed in on the company. Vetr cut Lowe’s Cos. from a “buy” rating to a “hold” rating and set a $72.18 price objective for the company. in a research report on Thursday. Peel Hunt reissued a “buy” rating and set a $90.00 price objective on shares of Lowe’s Cos. in a research report on Thursday, November 3rd. Piper Jaffray Cos. cut Lowe’s Cos. from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $94.00 to $68.00 in a research report on Monday, October 31st. Zacks Investment Research cut Lowe’s Cos. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Finally, Wedbush cut Lowe’s Cos. from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $84.00 to $73.00 in a research report on Wednesday, October 26th. Twelve investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $83.18.

Lowe’s Cos. 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.

5 Day Chart for NYSE:LOW

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