London Co. of Virginia Has $251.29 Million Holdings in Lowe's Companies, Inc. (LOW)
London Co. of Virginia decreased its stake in Lowe's Companies, Inc. (NYSE:LOW) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,703,771 shares of the home improvement retailer’s stock after selling 153,407 shares during the period. Lowe's Companies comprises 1.8% of London Co. of Virginia’s holdings, making the stock its 17th largest position. London Co. of Virginia’s holdings in Lowe's Companies were worth $251,289,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Stonehearth Capital Management LLC bought a new stake in shares of Lowe's Companies in the fourth quarter worth about $112,000. Atlantic Trust LLC bought a new stake in shares of Lowe's Companies in the second quarter worth about $105,000. IHT Wealth Management LLC increased its holdings in shares of Lowe's Companies by 8.7% in the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $154,000 after acquiring an additional 110 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Lowe's Companies in the fourth quarter worth about $129,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Lowe's Companies by 50.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the home improvement retailer’s stock worth $139,000 after acquiring an additional 500 shares in the last quarter. 73.78% of the stock is currently owned by hedge funds and other institutional investors.
Lowe's Companies, Inc. (NYSE LOW) opened at $85.34 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.12. The firm has a market capitalization of $70,832.20, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 0.91 and a beta of 1.30. Lowe's Companies, Inc. has a one year low of $70.76 and a one year high of $108.98.
Lowe's Companies declared that its board has authorized a share buyback plan on Friday, January 26th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
LOW has been the subject of several recent analyst reports. KeyCorp initiated coverage on Lowe's Companies in a report on Monday, November 6th. They issued an “overweight” rating and a $98.00 price target for the company. Royal Bank of Canada restated a “buy” rating and issued a $84.00 price target on shares of Lowe's Companies in a report on Tuesday, November 7th. Zacks Investment Research downgraded Lowe's Companies from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. SunTrust Banks restated a “hold” rating and issued a $80.00 price target on shares of Lowe's Companies in a report on Friday, November 10th. Finally, Stifel Nicolaus increased their price target on Lowe's Companies from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have given a buy rating to the company. Lowe's Companies has a consensus rating of “Buy” and a consensus target price of $97.52.
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Lowe's Companies Company 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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