Oregon Public Employees Retirement Fund lowered its stake in shares of Lowe’s Cos. (NYSE:LOW) by 17.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 190,460 shares of the home improvement retailer’s stock after selling 41,213 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Lowe’s Cos. were worth $13,753,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gradient Investments LLC boosted its position in Lowe’s Cos. by 90.0% in the third quarter. Gradient Investments LLC now owns 7,411 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 3,510 shares during the period. Gofen & Glossberg LLC IL boosted its position in Lowe’s Cos. by 3.0% in the third quarter. Gofen & Glossberg LLC IL now owns 23,691 shares of the home improvement retailer’s stock valued at $1,711,000 after buying an additional 687 shares during the period. City Holding Co. boosted its position in Lowe’s Cos. by 7.5% in the third quarter. City Holding Co. now owns 44,250 shares of the home improvement retailer’s stock valued at $3,195,000 after buying an additional 3,104 shares during the period. Advisory Services Network LLC boosted its position in Lowe’s Cos. by 0.5% in the third quarter. Advisory Services Network LLC now owns 20,149 shares of the home improvement retailer’s stock valued at $1,455,000 after buying an additional 95 shares during the period. Finally, Central Bank & Trust Co. boosted its position in Lowe’s Cos. by 403.4% in the third quarter. Central Bank & Trust Co. now owns 46,354 shares of the home improvement retailer’s stock valued at $3,347,000 after buying an additional 37,146 shares during the period. Institutional investors and hedge funds own 74.34% of the company’s stock.

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

Lowe’s Cos. (NYSE:LOW) traded up 0.61% during midday trading on Friday, reaching $72.21. The company had a trading volume of 2,710,550 shares. Lowe’s Cos. has a 52 week low of $62.62 and a 52 week high of $83.65. The company has a market capitalization of $63.04 billion, a price-to-earnings ratio of 26.51 and a beta of 1.25. The firm has a 50-day moving average price of $69.10 and a 200-day moving average price of $75.59.

Lowe’s Cos. (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.96 by $0.08. The firm had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.86 billion. Lowe’s Cos. had a net margin of 3.91% and a return on equity of 46.46%. Lowe’s Cos.’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Analysts expect that Lowe’s Cos. will post $3.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 annualized dividend and a dividend yield of 1.94%. Lowe’s Cos.’s payout ratio is 51.28%.

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Several equities research analysts have commented on LOW shares. Stifel Nicolaus started coverage on Lowe’s Cos. in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $100.00 target price on the stock. Vetr upgraded Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $87.38 target price on the stock in a research note on Tuesday, August 2nd. Cantor Fitzgerald restated a “hold” rating and issued a $70.00 target price on shares of Lowe’s Cos. in a research note on Thursday, August 4th. JPMorgan Chase & Co. restated a “buy” rating and issued a $89.00 target price on shares of Lowe’s Cos. in a research note on Tuesday, August 16th. Finally, Jefferies Group restated a “hold” rating and issued a $81.00 target price on shares of Lowe’s Cos. in a research note on Thursday, August 18th. Thirteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $81.93.

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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