Wambolt & Associates LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,035 shares of the home improvement retailer’s stock, valued at approximately $373,000.
A number of other large investors have also made changes to their positions in LOW. Ironwood Financial llc raised its holdings in shares of Lowe’s Companies by 171.0% during the 4th quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock valued at $50,000 after buying an additional 342 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Lowe’s Companies by 360.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock valued at $60,000 after buying an additional 512 shares in the last quarter. Mascoma Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 76.9% during the 4th quarter. Mascoma Wealth Management LLC now owns 690 shares of the home improvement retailer’s stock valued at $64,000 after buying an additional 300 shares in the last quarter. Columbia Asset Management purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $109,000. Finally, Capital Advisors Ltd. LLC purchased a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $116,000. Hedge funds and other institutional investors own 74.37% of the company’s stock.
In related news, Director Brian C. Rogers acquired 10,000 shares of the stock in a transaction on Friday, November 23rd. The stock was acquired at an average price of $88.02 per share, for a total transaction of $880,200.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $880,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.
NYSE LOW opened at $97.17 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 1.00. Lowe’s Companies, Inc. has a twelve month low of $81.16 and a twelve month high of $117.70. The company has a market cap of $78.02 billion, a P/E ratio of 22.13, a PEG ratio of 1.14 and a beta of 1.27.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.06. The company had revenue of $17.42 billion for the quarter, compared to analyst estimates of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Research analysts predict that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.
A number of equities analysts recently weighed in on LOW shares. ValuEngine cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Morgan Stanley decreased their price target on Lowe’s Companies from $125.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Loop Capital set a $125.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 price target on the stock in a research note on Tuesday, October 23rd. Finally, Piper Jaffray Companies decreased their price target on Lowe’s Companies from $110.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 21st. Ten equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $111.36.
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Lowe’s Companies Company Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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