Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,666 shares of the home improvement retailer’s stock after purchasing an additional 243 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Lowe’s Companies were worth $1,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Segment Wealth Management LLC lifted its holdings in shares of Lowe’s Companies by 2.6% in the first quarter. Segment Wealth Management LLC now owns 1,964 shares of the home improvement retailer’s stock valued at $374,000 after buying an additional 50 shares during the period. Northstar Group Inc. lifted its holdings in shares of Lowe’s Companies by 2.3% in the first quarter. Northstar Group Inc. now owns 2,291 shares of the home improvement retailer’s stock valued at $436,000 after buying an additional 52 shares during the period. Bluesphere Advisors LLC lifted its holdings in shares of Lowe’s Companies by 2.1% in the first quarter. Bluesphere Advisors LLC now owns 2,597 shares of the home improvement retailer’s stock valued at $494,000 after buying an additional 53 shares during the period. D. Scott Neal Inc. lifted its holdings in shares of Lowe’s Companies by 3.7% in the second quarter. D. Scott Neal Inc. now owns 1,491 shares of the home improvement retailer’s stock valued at $289,000 after buying an additional 53 shares during the period. Finally, Cordasco Financial Network lifted its holdings in shares of Lowe’s Companies by 18.6% in the second quarter. Cordasco Financial Network now owns 344 shares of the home improvement retailer’s stock valued at $67,000 after buying an additional 54 shares during the period. 72.80% of the stock is currently owned by institutional investors.

LOW stock traded up $3.07 during mid-day trading on Friday, hitting $211.55. The stock had a trading volume of 133,736 shares, compared to its average volume of 3,896,309. The company has a current ratio of 1.16, a quick ratio of 0.36 and a debt-to-equity ratio of 49.23. The stock has a market capitalization of $146.48 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.26 and a beta of 1.34. The company has a fifty day moving average of $198.29 and a 200 day moving average of $193.08. Lowe’s Companies, Inc. has a 1-year low of $146.72 and a 1-year high of $215.22.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, August 17th. The home improvement retailer reported $4.25 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.24. The business had revenue of $27.57 billion for the quarter, compared to analyst estimates of $26.76 billion. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.75 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 3rd. Stockholders of record on Wednesday, October 20th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Tuesday, October 19th. Lowe’s Companies’s dividend payout ratio is 36.12%.

Several brokerages have recently commented on LOW. DA Davidson reaffirmed a “buy” rating on shares of Lowe’s Companies in a report on Thursday, August 19th. Royal Bank of Canada upped their target price on Lowe’s Companies from $234.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, May 20th. Robert W. Baird upped their target price on Lowe’s Companies from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, May 20th. TheStreet downgraded Lowe’s Companies from a “b” rating to a “c+” rating in a report on Wednesday, August 18th. Finally, Wedbush downgraded Lowe’s Companies from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $225.00 to $210.00 in a report on Monday, July 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $216.26.

About Lowe’s Companies

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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