Pine River Capital Management L.P. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 51.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 81,663 shares of the home improvement retailer’s stock after acquiring an additional 27,671 shares during the period. Pine River Capital Management L.P.’s holdings in Lowe’s Companies were worth $6,332,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. SRS Capital Advisors Inc. boosted its position in shares of Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the period. Guardian Life Insurance Co. of America boosted its holdings in Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 13 shares during the period. Winfield Associates Inc. boosted its holdings in Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after purchasing an additional 15 shares during the period. Modera Wealth Management LLC boosted its holdings in Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock valued at $405,000 after purchasing an additional 15 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in Lowe’s Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after purchasing an additional 15 shares during the period. Institutional investors own 74.38% of the company’s stock.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $79.47 on Friday. The company has a market capitalization of $65,595.70, a P/E ratio of 18.06, a PEG ratio of 1.26 and a beta of 1.13. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.19 and a current ratio of 1.03. Lowe’s Companies, Inc. has a 52 week low of $66.55 and a 52 week high of $86.25.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. Lowe’s Companies’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. research analysts expect that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 46.20%.

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

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A number of research analysts recently issued reports on LOW shares. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Lowe’s Companies in a report on Friday, October 6th. Longbow Research reiterated a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, August 28th. BidaskClub upgraded Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $94.00 price target on shares of Lowe’s Companies in a research note on Monday, August 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $85.62.

Lowe’s Companies Company Profile

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.

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

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