D Orazio & Associates Inc. Maintains Position in Lowe’s Cos. (LOW)
D Orazio & Associates Inc. maintained its stake in Lowe’s Cos. (NYSE:LOW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,632 shares of the home improvement retailer’s stock at the end of the second quarter. D Orazio & Associates Inc.’s holdings in Lowe’s Cos. were worth $208,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of LOW. Wellington Management Group LLP increased its position in shares of Lowe’s Cos. by 6.9% in the first quarter. Wellington Management Group LLP now owns 28,620,388 shares of the home improvement retailer’s stock worth $2,167,994,000 after buying an additional 1,841,494 shares during the period. Ameriprise Financial Inc. boosted its stake in Lowe’s Cos. by 10.8% in the second quarter. Ameriprise Financial Inc. now owns 13,161,669 shares of the home improvement retailer’s stock worth $1,042,084,000 after buying an additional 1,280,426 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lowe’s Cos. by 5.2% in the first quarter. Geode Capital Management LLC now owns 7,850,217 shares of the home improvement retailer’s stock worth $593,514,000 after buying an additional 385,207 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Lowe’s Cos. by 8.3% in the first quarter. TIAA CREF Investment Management LLC now owns 7,269,849 shares of the home improvement retailer’s stock worth $550,691,000 after buying an additional 555,048 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Lowe’s Cos. during the second quarter worth $284,442,000. 75.07% of the stock is owned by hedge funds and other institutional investors.
Lowe’s Cos. (NYSE:LOW) traded up 0.29% during trading on Tuesday, reaching $71.52. The company had a trading volume of 2,423,425 shares. The firm has a 50-day moving average price of $77.30 and a 200 day moving average price of $77.38. Lowe’s Cos. has a 12-month low of $62.62 and a 12-month high of $83.65. The stock has a market cap of $62.56 billion, a P/E ratio of 23.18 and a beta of 1.07.
Lowe’s Cos. (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by $0.04. Lowe’s Cos. had a net margin of 4.58% and a return on equity of 43.38%. The company had revenue of $18.26 billion for the quarter, compared to analysts’ expectations of $18.42 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Equities research analysts predict that Lowe’s Cos. will post $4.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, October 17th. Lowe’s Cos.’s dividend payout ratio is currently 45.16%.
LOW has been the topic of a number of research reports. Morgan Stanley set a $87.00 price target on Lowe’s Cos. and gave the stock a “buy” rating in a report on Friday, August 19th. BMO Capital Markets upped their price target on Lowe’s Cos. from $76.43 to $86.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Topeka Capital Markets initiated coverage on Lowe’s Cos. in a report on Monday, May 23rd. They issued a “hold” rating and a $75.00 price target on the stock. Bank of America Corp. restated a “buy” rating and issued a $87.65 price target (up previously from $77.30) on shares of Lowe’s Cos. in a report on Wednesday, August 24th. Finally, Robert W. Baird set a $88.00 price target on Lowe’s Cos. and gave the stock a “buy” rating in a report on Monday. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Lowe’s Cos. presently has a consensus rating of “Buy” and a consensus price target of $85.74.
About Lowe’s Cos.
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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 Cos. (NYSE:LOW).
Receive News & Ratings for Lowe's Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Cos. and related companies with Analyst Ratings Network's FREE daily email newsletter.