Crawford Lake Capital Management LLC purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,855 shares of the home improvement retailer’s stock, valued at approximately $1,303,000.

A number of other large investors also recently modified their holdings of LOW. Valicenti Advisory Services Inc. increased its stake in shares of Lowe’s Companies by 5.1% in the first quarter. Valicenti Advisory Services Inc. now owns 53,675 shares of the home improvement retailer’s stock worth $4,413,000 after buying an additional 2,625 shares in the last quarter. Heritage Trust Co acquired a new stake in shares of Lowe’s Companies during the first quarter worth $789,000. Tufton Capital Management acquired a new stake in shares of Lowe’s Companies during the first quarter worth $423,000. Access Financial Services Inc. increased its stake in shares of Lowe’s Companies by 4.8% in the first quarter. Access Financial Services Inc. now owns 17,736 shares of the home improvement retailer’s stock worth $1,458,000 after buying an additional 811 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Lowe’s Companies by 20.1% in the first quarter. LS Investment Advisors LLC now owns 53,571 shares of the home improvement retailer’s stock worth $4,404,000 after buying an additional 8,964 shares in the last quarter. 72.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lowe’s Companies, Inc. (NYSE LOW) traded up 0.51% during mid-day trading on Friday, reaching $74.27. The company’s stock had a trading volume of 1,808,956 shares. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The company’s 50-day moving average is $75.67 and its 200 day moving average is $79.52. The firm has a market cap of $62.16 billion, a price-to-earnings ratio of 21.09 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 62.02% and a net margin of 4.51%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post $4.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is presently 46.20%.

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A number of brokerages have weighed in on LOW. Goldman Sachs Group, Inc. (The) reduced their target price on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a report on Thursday, July 20th. Stifel Nicolaus reduced their target price on Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, Vetr downgraded Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price on the stock. in a report on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $84.57.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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