Arrowstreet Capital Limited Partnership purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,700 shares of the home improvement retailer’s stock, valued at approximately $2,070,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ronald Blue & Co. LLC acquired a new stake in Lowe’s Companies in the first quarter valued at approximately $240,000. Prudential Financial Inc. boosted its position in Lowe’s Companies by 11.4% in the first quarter. Prudential Financial Inc. now owns 1,370,277 shares of the home improvement retailer’s stock valued at $112,650,000 after buying an additional 140,700 shares in the last quarter. Stifel Financial Corp boosted its position in Lowe’s Companies by 5.1% in the first quarter. Stifel Financial Corp now owns 617,238 shares of the home improvement retailer’s stock valued at $50,687,000 after buying an additional 29,739 shares in the last quarter. SG Americas Securities LLC boosted its position in Lowe’s Companies by 208.1% in the first quarter. SG Americas Securities LLC now owns 90,170 shares of the home improvement retailer’s stock valued at $7,413,000 after buying an additional 173,597 shares in the last quarter. Finally, Winfield Associates Inc. boosted its position in Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 74.00% of the company’s stock.

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Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $80.59 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. The company has a market cap of $68,182.02, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.31 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $69.70 and a twelve month high of $86.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.88 earnings per share. equities analysts predict that Lowe’s Companies, Inc. will post 4.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is 46.20%.

A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $80.00 target price on shares of Lowe’s Companies in a research report on Friday, September 29th. Robert W. Baird set a $87.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, August 11th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $80.00 price target on shares of Lowe’s Companies in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Lowe’s Companies has a consensus rating of “Hold” and an average target price of $85.85.

In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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