First Command Financial Services Inc. grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 12,045.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,429 shares of the home improvement retailer’s stock after acquiring an additional 2,409 shares during the quarter. First Command Financial Services Inc.’s holdings in Lowe’s Companies were worth $266,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Clarfeld Financial Advisors LLC bought a new position in shares of Lowe’s Companies during the fourth quarter valued at $26,000. CNB Bank bought a new position in shares of Lowe’s Companies during the fourth quarter valued at $46,000. Capital Financial Planning LLC bought a new position in shares of Lowe’s Companies during the fourth quarter valued at $46,000. Ironwood Financial llc lifted its holdings in shares of Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock valued at $50,000 after purchasing an additional 342 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Lowe’s Companies by 360.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 512 shares in the last quarter. 76.33% of the stock is currently owned by institutional investors and hedge funds.
Lowe’s Companies stock opened at $117.03 on Wednesday. The firm has a market cap of $93.27 billion, a P/E ratio of 22.98, a PEG ratio of 1.36 and a beta of 1.27. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. Lowe’s Companies, Inc. has a one year low of $81.16 and a one year high of $117.94.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. Lowe’s Companies’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 6.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 37.35%.
LOW has been the topic of a number of research analyst reports. Wells Fargo & Co upped their price target on Lowe’s Companies from $110.00 to $120.00 in a report on Thursday, February 28th. ValuEngine raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Morgan Stanley set a $115.00 price target on Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, March 19th. Citigroup upped their price target on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Barclays downgraded Lowe’s Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $120.00 to $105.00 in a report on Wednesday, January 9th. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $114.52.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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