Acropolis Investment Management LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,361 shares of the home improvement retailer’s stock, valued at approximately $163,000.
Several other institutional investors and hedge funds have also made changes to their positions in LOW. Atwater Malick LLC bought a new position in shares of Lowe’s Companies during the third quarter worth approximately $26,000. Massey Quick Simon & CO. LLC increased its holdings in shares of Lowe’s Companies by 268.6% during the third quarter. Massey Quick Simon & CO. LLC now owns 435 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 317 shares during the period. Ellevest Inc. bought a new position in shares of Lowe’s Companies during the second quarter worth approximately $81,000. Stonebridge Capital Advisors LLC bought a new position in Lowe’s Companies in the second quarter valued at approximately $85,000. Finally, Contravisory Investment Management Inc. increased its stake in Lowe’s Companies by 32.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 832 shares of the home improvement retailer’s stock valued at $100,000 after acquiring an additional 206 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors.
NYSE LOW opened at $120.07 on Wednesday. The firm’s fifty day moving average price is $118.94 and its two-hundred day moving average price is $110.70. The stock has a market cap of $92.74 billion, a PE ratio of 23.36, a PEG ratio of 1.51 and a beta of 1.28. Lowe’s Companies, Inc. has a fifty-two week low of $90.23 and a fifty-two week high of $122.88. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04.
Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.06. Lowe’s Companies had a net margin of 4.11% and a return on equity of 146.62%. The firm had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.69 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The company’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.83%. The ex-dividend date is Tuesday, January 21st. Lowe’s Companies’s dividend payout ratio is presently 42.80%.
LOW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “hold” rating on shares of Lowe’s Companies in a research note on Wednesday, November 20th. Telsey Advisory Group lifted their price objective on shares of Lowe’s Companies from $120.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Lowe’s Companies in a research note on Thursday, November 21st. Wolfe Research cut shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 price objective on the stock. in a research note on Tuesday, October 8th. Finally, UBS Group lifted their price objective on shares of Lowe’s Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus target price of $129.46.
Lowe’s Companies Profile
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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