Boston Advisors LLC Trims Position in Lowe’s Companies, Inc. (LOW)
Boston Advisors LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,093 shares of the home improvement retailer’s stock after selling 5,976 shares during the quarter. Boston Advisors LLC’s holdings in Lowe’s Companies were worth $4,724,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of LOW. SRS Capital Advisors Inc. increased its position in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Lowe’s Companies in the first quarter worth about $103,000. Atlantic Trust LLC purchased a new stake in Lowe’s Companies in the second quarter worth about $105,000. State of Alaska Department of Revenue increased its position in Lowe’s Companies by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 110 shares in the last quarter. Finally, Balentine LLC purchased a new stake in Lowe’s Companies in the first quarter worth about $120,000. Institutional investors own 73.29% of the company’s stock.
In related news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,303 shares of company stock valued at $1,047,406. 0.11% of the stock is owned by corporate insiders.
LOW has been the subject of a number of analyst reports. Gordon Haskett initiated coverage on Lowe’s Companies in a research report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price target for the company. Oppenheimer set a $100.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Deutsche Bank reduced their price target on Lowe’s Companies from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, August 24th. Credit Suisse Group set a $83.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Robert W. Baird set a $87.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the company. Lowe’s Companies presently has an average rating of “Hold” and an average target price of $87.40.
Shares of Lowe’s Companies, Inc. (LOW) traded down $1.73 during trading on Wednesday, reaching $86.31. The company had a trading volume of 9,665,900 shares, compared to its average volume of 5,924,166. Lowe’s Companies, Inc. has a 52 week low of $70.49 and a 52 week high of $88.55. The company has a market capitalization of $73,161.24, a price-to-earnings ratio of 19.52, a PEG ratio of 1.41 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe’s Companies had a return on equity of 66.27% and a net margin of 5.16%. The company had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. sell-side analysts predict that Lowe’s Companies, Inc. will post 4.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is presently 39.33%.
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Lowe’s Companies Profile
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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