Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Fmr LLC

FMR LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,962,286 shares of the home improvement retailer’s stock after buying an additional 439,861 shares during the period. FMR LLC owned 0.70% of Lowe’s Companies worth $490,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LOW. OppenheimerFunds Inc. boosted its position in shares of Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after buying an additional 5,380,759 shares during the period. CIBC World Markets Inc. boosted its position in shares of Lowe’s Companies by 5,762.1% in the first quarter. CIBC World Markets Inc. now owns 880,961 shares of the home improvement retailer’s stock worth $72,424,000 after buying an additional 865,933 shares during the period. American Century Companies Inc. boosted its position in shares of Lowe’s Companies by 65.7% in the first quarter. American Century Companies Inc. now owns 2,182,070 shares of the home improvement retailer’s stock worth $179,388,000 after buying an additional 865,109 shares during the period. Swiss National Bank boosted its position in shares of Lowe’s Companies by 24.4% in the first quarter. Swiss National Bank now owns 3,216,148 shares of the home improvement retailer’s stock worth $264,400,000 after buying an additional 631,300 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Lowe’s Companies during the first quarter worth $36,390,000. 74.65% of the stock is owned by institutional investors and hedge funds.

Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 73.64 on Friday. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The stock has a 50 day moving average of $76.47 and a 200 day moving average of $79.47. The company has a market cap of $62.17 billion, a P/E ratio of 23.09 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.03. The company had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post $4.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.23%. Lowe’s Companies’s payout ratio is presently 51.57%.

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Several analysts have commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research note on Friday. Longbow Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research note on Monday, August 14th. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, August 11th. Wolfe Research reaffirmed an “outperform” rating and issued a $94.00 target price (down from $95.00) on shares of Lowe’s Companies in a research note on Sunday, May 28th. Finally, BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.69.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the sale, the insider now owns 37,716 shares in the company, valued at approximately $3,024,823.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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

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