Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,455 shares of the home improvement retailer’s stock after purchasing an additional 86 shares during the period. Capital Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,107,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. RE Advisers Corp acquired a new position in Lowe’s Companies during the second quarter worth $29,000. Activest Wealth Management acquired a new position in Lowe’s Companies during the second quarter worth $48,000. USA Financial Portformulas Corp grew its holdings in Lowe’s Companies by 1,505.6% during the second quarter. USA Financial Portformulas Corp now owns 289 shares of the home improvement retailer’s stock worth $56,000 after acquiring an additional 271 shares during the period. MV Capital Management Inc. grew its holdings in Lowe’s Companies by 36.6% during the second quarter. MV Capital Management Inc. now owns 332 shares of the home improvement retailer’s stock worth $64,000 after acquiring an additional 89 shares during the period. Finally, Cowen Prime Advisors LLC acquired a new position in Lowe’s Companies during the second quarter worth $66,000. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the company. DA Davidson reaffirmed a “buy” rating on shares of Lowe’s Companies in a report on Thursday, August 19th. Wells Fargo & Company boosted their target price on Lowe’s Companies from $230.00 to $260.00 and gave the stock an “overweight” rating in a research report on Monday, November 8th. Zacks Investment Research downgraded Lowe’s Companies from a “hold” rating to a “sell” rating and set a $205.00 target price on the stock. in a research report on Wednesday, July 28th. Credit Suisse Group upped their price objective on Lowe’s Companies from $208.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, August 19th. Finally, Morgan Stanley upped their price objective on Lowe’s Companies from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, November 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Buy” and an average target price of $247.00.

NYSE:LOW opened at $252.63 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 49.23. The business’s 50 day moving average is $223.69 and its two-hundred day moving average is $205.52. Lowe’s Companies, Inc. has a 52 week low of $149.31 and a 52 week high of $256.39. The company has a market cap of $174.93 billion, a PE ratio of 21.95, a P/E/G ratio of 1.44 and a beta of 1.32.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, November 17th. The home improvement retailer reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.38. Lowe’s Companies had a return on equity of 25,100.30% and a net margin of 8.63%. The company had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $22.06 billion. During the same quarter last year, the business posted $1.98 EPS. Lowe’s Companies’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 2nd. Shareholders of record on Wednesday, January 19th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, January 18th. Lowe’s Companies’s dividend payout ratio is presently 27.80%.

Lowe’s Companies Company Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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

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