Guardian Life Insurance Co. of America boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,346 shares of the home improvement retailer’s stock after buying an additional 13 shares during the period. Guardian Life Insurance Co. of America’s holdings in Lowe’s Companies were worth $275,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Alta Capital Management LLC increased its stake in Lowe’s Companies by 7.1% in the first quarter. Alta Capital Management LLC now owns 189,589 shares of the home improvement retailer’s stock valued at $15,586,000 after buying an additional 12,568 shares in the last quarter. Professional Advisory Services Inc. bought a new stake in Lowe’s Companies during the first quarter valued at approximately $226,000. Ledyard National Bank increased its stake in Lowe’s Companies by 457.5% in the first quarter. Ledyard National Bank now owns 5,179 shares of the home improvement retailer’s stock valued at $426,000 after buying an additional 4,250 shares in the last quarter. Bollard Group LLC increased its stake in Lowe’s Companies by 0.5% in the first quarter. Bollard Group LLC now owns 20,334 shares of the home improvement retailer’s stock valued at $1,672,000 after buying an additional 97 shares in the last quarter. Finally, Oakbrook Investments LLC increased its stake in Lowe’s Companies by 9.0% in the first quarter. Oakbrook Investments LLC now owns 67,516 shares of the home improvement retailer’s stock valued at $5,550,000 after buying an additional 5,600 shares in the last quarter. 72.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe’s Companies, Inc. (LOW) traded down 0.413% on Tuesday, reaching $73.495. The company had a trading volume of 1,602,993 shares. The stock has a market capitalization of $61.52 billion, a PE ratio of 20.867 and a beta of 1.08. The company has a 50 day moving average price of $75.99 and a 200 day moving average price of $79.50. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by $0.05. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 46.20%.

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A number of equities analysts have recently issued reports on the company. Vetr downgraded Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price for the company. in a research note on Monday, May 8th. Jefferies Group LLC increased their target price on Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, May 12th. Credit Suisse Group set a $94.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a research note on Friday, July 21st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Hold” and an average price target of $84.57.

Lowe’s Companies 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.

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

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