Private Capital Management Inc. raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 35.0% during the second quarter, Holdings Channel reports. The firm owned 6,950 shares of the home improvement retailer’s stock after buying an additional 1,800 shares during the period. Private Capital Management Inc.’s holdings in Lowe’s Companies were worth $539,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LOW. ELM Advisors LLC acquired a new stake in shares of Lowe’s Companies during the first quarter valued at about $208,000. Honkamp Krueger Financial Services Inc. raised its stake in shares of Lowe’s Companies by 9.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,752 shares of the home improvement retailer’s stock valued at $555,000 after buying an additional 574 shares during the period. Horrell Capital Management Inc. raised its stake in shares of Lowe’s Companies by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,406 shares of the home improvement retailer’s stock valued at $2,253,000 after buying an additional 100 shares during the period. TNB Financial acquired a new stake in shares of Lowe’s Companies during the first quarter valued at about $970,000. Finally, First National Bank of Omaha raised its stake in shares of Lowe’s Companies by 8.2% in the first quarter. First National Bank of Omaha now owns 5,936 shares of the home improvement retailer’s stock valued at $488,000 after buying an additional 450 shares during the period. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies, Inc. (NYSE:LOW) traded down 1.19% on Thursday, reaching $77.41. 2,037,006 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $76.78 and its 200 day moving average is $79.39. The company has a market cap of $65.35 billion, a price-to-earnings ratio of 24.27 and a beta of 1.08. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. Lowe’s Companies also saw unusually large options trading on Monday. Stock traders acquired 6,466 put options on the stock. This represents an increase of 538% compared to the average volume of 1,014 put options.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. The firm had revenue of $16.86 billion for 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 business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current year.

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

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Several brokerages have issued reports on LOW. Vetr lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target on the stock. in a report on Monday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a report on Friday, May 5th. Credit Suisse Group set a $94.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Zacks Investment Research lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Jefferies Group LLC upped their target price on shares of Lowe’s Companies from $80.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $85.39.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the sale, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The transaction was disclosed in a document filed with the SEC, which is accessible through 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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