Atria Investments LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 30.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,383 shares of the home improvement retailer’s stock after acquiring an additional 3,601 shares during the period. Atria Investments LLC’s holdings in Lowe’s Companies were worth $1,193,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LOW. Koshinski Asset Management Inc. grew its holdings in Lowe’s Companies by 8.2% during the second quarter. Koshinski Asset Management Inc. now owns 6,917 shares of the home improvement retailer’s stock valued at $536,000 after purchasing an additional 526 shares during the period. City Holding Co. grew its holdings in Lowe’s Companies by 11.8% during the second quarter. City Holding Co. now owns 53,981 shares of the home improvement retailer’s stock valued at $4,185,000 after purchasing an additional 5,716 shares during the period. Capital One National Association grew its holdings in Lowe’s Companies by 1.1% during the second quarter. Capital One National Association now owns 13,145 shares of the home improvement retailer’s stock valued at $1,019,000 after purchasing an additional 137 shares during the period. Prentiss Smith & Co. Inc. grew its holdings in Lowe’s Companies by 2,377.4% during the second quarter. Prentiss Smith & Co. Inc. now owns 3,840 shares of the home improvement retailer’s stock valued at $298,000 after purchasing an additional 3,685 shares during the period. Finally, BKD Wealth Advisors LLC grew its holdings in Lowe’s Companies by 2.1% during the second quarter. BKD Wealth Advisors LLC now owns 8,668 shares of the home improvement retailer’s stock valued at $672,000 after purchasing an additional 179 shares during the period. 74.32% of the stock is owned by institutional investors.

Shares of Lowe’s Companies, Inc. (NYSE LOW) traded down 0.60% on Friday, hitting $77.99. The stock had a trading volume of 14,518,162 shares. Lowe’s Companies, Inc. has a 12 month low of $64.87 and a 12 month high of $86.25. The stock has a market cap of $64.95 billion, a PE ratio of 22.14 and a beta of 1.07. The company has a 50 day moving average price of $76.21 and a 200-day moving average price of $79.61.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The business had revenue of $19.50 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post $4.50 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is 46.20%.

COPYRIGHT VIOLATION WARNING: “Lowe’s Companies, Inc. (LOW) Stake Boosted by Atria Investments LLC” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/16/lowes-companies-inc-low-stake-boosted-by-atria-investments-llc.html.

Several brokerages have weighed in on LOW. Wolfe Research reissued an “outperform” rating and set a $94.00 price objective (down from $95.00) on shares of Lowe’s Companies in a report on Sunday, May 28th. Oppenheimer Holdings, Inc. set a $100.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Sanford C. Bernstein reissued an “underperform” rating and set a $69.00 price objective on shares of Lowe’s Companies in a report on Wednesday, July 12th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird set a $87.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Hold” and an average target price of $85.00.

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Stock Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related stocks with our FREE daily email newsletter.