Dynamic Capital Management Ltd increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 148.7% during the first quarter, Holdings Channel reports. The fund owned 306,427 shares of the home improvement retailer’s stock after buying an additional 183,205 shares during the period. Lowe’s Companies makes up approximately 4.1% of Dynamic Capital Management Ltd’s holdings, making the stock its 3rd largest position. Dynamic Capital Management Ltd’s holdings in Lowe’s Companies were worth $25,191,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares during the last quarter. OppenheimerFunds Inc. raised its stake in Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock valued at $659,174,000 after buying an additional 5,380,759 shares during the last quarter. Vanguard Group Inc. raised its stake in Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares during the last quarter. CIBC World Markets Inc. raised its stake in Lowe’s Companies by 5,762.1% in the first quarter. CIBC World Markets Inc. now owns 880,961 shares of the home improvement retailer’s stock valued at $72,424,000 after buying an additional 865,933 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Lowe’s Companies by 65.7% in the first quarter. American Century Companies Inc. now owns 2,182,070 shares of the home improvement retailer’s stock valued at $179,388,000 after buying an additional 865,109 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

Shares of Lowe’s Companies, Inc. (LOW) traded down 1.12% during midday trading on Thursday, reaching $77.46. The company had a trading volume of 332,507 shares. The company has a 50 day moving average price of $76.78 and a 200-day moving average price of $79.39. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The firm has a market capitalization of $65.39 billion, a P/E ratio of 24.29 and a beta of 1.08. Lowe’s Companies also saw unusually large options trading activity on Monday. Traders bought 6,466 put options on the company. This is an increase of approximately 538% compared to the average volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $16.86 billion during the quarter, compared to the consensus estimate of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, July 24th. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s payout ratio is 51.57%.

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LOW has been the topic of several analyst reports. Vetr lowered Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price on the stock. in a report on Monday, May 8th. Jefferies Group LLC upped their target price on Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, May 12th. Credit Suisse Group set a $94.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. set a $100.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 24th. Finally, Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, April 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $85.39.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the sale, the insider now owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

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

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