Great West Life Assurance Co. Can decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,356,720 shares of the home improvement retailer’s stock after selling 102,588 shares during the period. Great West Life Assurance Co. Can owned approximately 0.17% of Lowe’s Companies worth $121,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its stake in shares of Lowe’s Companies by 8,621.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock valued at $191,000 after purchasing an additional 17,470,536 shares during the period. Capital International Investors purchased a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $746,818,000. FMR LLC raised its stake in shares of Lowe’s Companies by 8.0% during the third quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock valued at $2,512,233,000 after purchasing an additional 1,616,536 shares during the period. Winslow Capital Management LLC raised its stake in shares of Lowe’s Companies by 28.4% during the third quarter. Winslow Capital Management LLC now owns 4,081,562 shares of the home improvement retailer’s stock valued at $468,645,000 after purchasing an additional 901,607 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Lowe’s Companies by 50.0% during the third quarter. AQR Capital Management LLC now owns 2,641,814 shares of the home improvement retailer’s stock valued at $303,333,000 after purchasing an additional 880,253 shares during the period. Hedge funds and other institutional investors own 74.78% of the company’s stock.

A number of analysts recently issued reports on LOW shares. Loop Capital set a $125.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Wells Fargo & Co lifted their price target on shares of Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. Wedbush set a $95.00 price target on shares of Lowe’s Companies and gave the stock a “hold” rating in a research note on Wednesday, November 21st. KeyCorp dropped their price target on shares of Lowe’s Companies from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, November 21st. Finally, Morgan Stanley lifted their price target on shares of Lowe’s Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $113.13.

Lowe’s Companies stock opened at $100.81 on Friday. The firm has a market capitalization of $80.99 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. Lowe’s Companies, Inc. has a 12 month low of $81.16 and a 12 month high of $117.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, analysts anticipate that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

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About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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