First Personal Financial Services decreased its stake in shares of Lowe’s Cos. (NYSE:LOW) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,390 shares of the home improvement retailer’s stock after selling 276 shares during the period. First Personal Financial Services’ holdings in Lowe’s Cos. were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LOW. Acrospire Investment Management LLC raised its position in shares of Lowe’s Cos. by 400.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the home improvement retailer’s stock valued at $158,000 after buying an additional 1,600 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Lowe’s Cos. by 0.9% in the second quarter. Teacher Retirement System of Texas now owns 1,552,356 shares of the home improvement retailer’s stock valued at $122,900,000 after buying an additional 13,480 shares during the last quarter. San Francisco Sentry Investment Group CA raised its position in shares of Lowe’s Cos. by 7.0% in the second quarter. San Francisco Sentry Investment Group CA now owns 9,752 shares of the home improvement retailer’s stock valued at $772,000 after buying an additional 635 shares during the last quarter. Denver Investment Advisors LLC raised its position in shares of Lowe’s Cos. by 1.9% in the second quarter. Denver Investment Advisors LLC now owns 6,269 shares of the home improvement retailer’s stock valued at $496,000 after buying an additional 116 shares during the last quarter. Finally, Eaton Vance Management raised its position in shares of Lowe’s Cos. by 10.9% in the second quarter. Eaton Vance Management now owns 3,265,522 shares of the home improvement retailer’s stock valued at $258,531,000 after buying an additional 321,288 shares during the last quarter. 75.48% of the stock is currently owned by institutional investors.

Lowe’s Cos. (NYSE:LOW) traded down 0.04% during trading on Wednesday, reaching $71.34. 1,259,902 shares of the company’s stock traded hands. The firm has a 50 day moving average of $76.99 and a 200 day moving average of $77.39. Lowe’s Cos. has a 1-year low of $62.62 and a 1-year high of $83.65. The firm has a market capitalization of $62.40 billion, a PE ratio of 23.12 and a beta of 1.07.

Lowe’s Cos. (NYSE:LOW) last released its earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.41 by $0.04. Lowe’s Cos. had a return on equity of 43.38% and a net margin of 4.58%. The firm earned $18.26 billion during the quarter, compared to analyst estimates of $18.42 billion. During the same quarter last year, the business posted $1.20 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Lowe’s Cos. will post $4.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be paid a $0.35 dividend. 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 (DPR) is presently 45.16%.

Several equities research analysts have weighed in on the stock. Robert W. Baird set a $88.00 target price on shares of Lowe’s Cos. and gave the company a “buy” rating in a research note on Monday. Goldman Sachs Group Inc. restated a “buy” rating on shares of Lowe’s Cos. in a research note on Monday, September 12th. Jefferies Group restated a “hold” rating on shares of Lowe’s Cos. in a research note on Monday, September 12th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $94.00 target price on shares of Lowe’s Cos. in a research note on Monday, August 29th. Finally, Bank of America Corp. restated a “buy” rating and issued a $87.65 target price (up from $77.30) on shares of Lowe’s Cos. in a research note on Wednesday, August 24th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The company 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.

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