Gideon Capital Advisors Inc. purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,384 shares of the home improvement retailer’s stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. NuWave Investment Management LLC purchased a new position in shares of Lowe’s Companies during the 2nd quarter valued at approximately $126,000. FNY Investment Advisers LLC purchased a new position in shares of Lowe’s Companies during the 2nd quarter valued at approximately $127,000. ClariVest Asset Management LLC purchased a new position in shares of Lowe’s Companies during the 1st quarter valued at approximately $118,000. Rainier Group Investment Advisory LLC purchased a new position in shares of Lowe’s Companies during the 1st quarter valued at approximately $121,000. Finally, Jacobi Capital Management LLC boosted its stake in shares of Lowe’s Companies by 88.8% during the 1st quarter. Jacobi Capital Management LLC now owns 1,524 shares of the home improvement retailer’s stock valued at $129,000 after buying an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 75.48% of the company’s stock.

LOW stock opened at $97.98 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.18 and a debt-to-equity ratio of 2.60. The company has a market cap of $80.24 billion, a P/E ratio of 22.32, a PEG ratio of 1.18 and a beta of 1.32. Lowe’s Companies, Inc. has a 12-month low of $70.76 and a 12-month high of $108.98.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.03). The firm had revenue of $17.36 billion for the quarter, compared to analyst estimates of $17.44 billion. Lowe’s Companies had a net margin of 5.55% and a return on equity of 66.36%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. sell-side analysts expect that Lowe’s Companies, Inc. will post 5.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 7th. Investors of record on Wednesday, October 24th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.96%. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

Several equities analysts have recently commented on LOW shares. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Zacks Investment Research cut Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Wells Fargo & Co started coverage on Lowe’s Companies in a research note on Monday, April 23rd. They set an “outperform” rating and a $100.00 target price for the company. Loop Capital upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Wednesday, May 23rd. Finally, Argus increased their target price on Lowe’s Companies from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 25th. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $103.00.

In related news, SVP Matthew V. Hollifield sold 12,362 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $99.56, for a total transaction of $1,230,760.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Lowe’s Companies Company Profile

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.

Further Reading: Closed-End Mutual Funds

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

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