CLS Investments LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 600.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,841 shares of the home improvement retailer’s stock after acquiring an additional 11,009 shares during the quarter. CLS Investments LLC’s holdings in Lowe’s Companies were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of LOW. Waldron LP bought a new stake in Lowe’s Companies during the 1st quarter valued at $364,000. Empire Life Investments Inc. bought a new stake in Lowe’s Companies during the 1st quarter valued at $17,350,000. Crawford Investment Counsel Inc. raised its holdings in Lowe’s Companies by 1.2% during the 1st quarter. Crawford Investment Counsel Inc. now owns 9,416 shares of the home improvement retailer’s stock valued at $774,000 after acquiring an additional 114 shares during the period. Swiss National Bank raised its holdings in Lowe’s Companies by 24.4% during the 1st quarter. Swiss National Bank now owns 3,216,148 shares of the home improvement retailer’s stock valued at $264,400,000 after acquiring an additional 631,300 shares during the period. Finally, Flossbach Von Storch AG raised its holdings in Lowe’s Companies by 14.4% during the 1st quarter. Flossbach Von Storch AG now owns 1,835,500 shares of the home improvement retailer’s stock valued at $150,896,000 after acquiring an additional 230,421 shares during the period. 74.11% of the stock is currently owned by institutional investors and hedge funds.

LOW has been the topic of a number of analyst reports. Gordon Haskett initiated coverage on shares of Lowe’s Companies in a report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 target price on the stock. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 23rd. BMO Capital Markets reissued a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a report on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a report on Friday, July 21st. Finally, BTIG Research reissued a “buy” rating and set a $95.00 target price on shares of Lowe’s Companies in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $85.32.

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Shares of Lowe’s Companies, Inc. (LOW) opened at 80.75 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The stock has a market capitalization of $67.25 billion, a price-to-earnings ratio of 22.93 and a beta of 1.07. The firm’s 50-day moving average is $79.08 and its 200 day moving average is $79.37.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts expect that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.03%. Lowe’s Companies’s payout ratio is currently 46.20%.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a 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.

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

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