R. G. Niederhoffer Capital Management Inc. purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,600 shares of the home improvement retailer’s stock, valued at approximately $608,000. Lowe's Companies accounts for approximately 3.9% of R. G. Niederhoffer Capital Management Inc.’s holdings, making the stock its 13th largest holding.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 period. Blue Edge Capital LLC bought a new stake in Lowe's Companies during the first quarter worth $727,000. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Lowe's Companies by 11.8% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock worth $8,177,000 after purchasing an additional 11,119 shares during the last quarter. Summit Global Investments bought a new stake in Lowe's Companies during the second quarter worth $1,421,000. Finally, Ffcm LLC lifted its stake in Lowe's Companies by 6.4% during the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock worth $2,395,000 after purchasing an additional 1,853 shares during the last quarter. Institutional investors and hedge funds own 73.14% of the company’s stock.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were 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 in the company, valued at approximately $372,930. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Several research firms have weighed in on LOW. Bank of America began coverage on Lowe's Companies in a research note on Tuesday, September 5th. They set a “buy” rating and a $95.00 target price for the company. Piper Jaffray Companies restated a “hold” rating and set a $82.00 target price on shares of Lowe's Companies in a research note on Friday, November 24th. Royal Bank of Canada cut their target price on Lowe's Companies from $85.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, August 24th. Stifel Nicolaus upped their target price on Lowe's Companies from $87.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Finally, BMO Capital Markets cut Lowe's Companies from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $89.00 to $82.00 in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Lowe's Companies has an average rating of “Hold” and an average target price of $87.66.

Lowe's Companies, Inc. (NYSE:LOW) opened at $90.19 on Thursday. Lowe's Companies, Inc. has a 1 year low of $70.49 and a 1 year high of $90.94. The firm has a market cap of $73,732.52, a PE ratio of 19.70, a P/E/G ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.

Lowe's Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The business had revenue of $16.77 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts expect that Lowe's Companies, Inc. will post 4.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a $0.41 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 annualized dividend and a yield of 1.82%. Lowe's Companies’s payout ratio is 39.33%.

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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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