Pensionfund DSM Netherlands continued to hold its position in Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 57,700 shares of the home improvement retailer’s stock at the end of the 2nd quarter. Pensionfund DSM Netherlands’ holdings in Lowe’s Companies were worth $4,473,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in LOW. SRS Capital Advisors Inc. boosted its holdings in Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after acquiring an additional 5 shares during the period. Harbour Capital Advisors LLC bought a new stake in Lowe’s Companies during the first quarter valued at about $103,000. State of Alaska Department of Revenue bought a new stake in Lowe’s Companies during the first quarter valued at about $109,000. Hanson McClain Inc. boosted its holdings in Lowe’s Companies by 3.5% during the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after acquiring an additional 45 shares during the period. Finally, First Bank & Trust boosted its holdings in Lowe’s Companies by 11.5% during the first quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock valued at $117,000 after acquiring an additional 147 shares during the period. Institutional investors own 74.32% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) decreased their price target on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Bank of America Corporation assumed coverage on shares of Lowe’s Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $95.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, BMO Capital Markets restated a “buy” rating and set a $89.00 price target on shares of Lowe’s Companies in a report on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $85.00.
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Lowe’s Companies, Inc. (NYSE:LOW) traded down 1.3282% during mid-day trading on Monday, hitting $77.5166. 4,117,293 shares of the stock traded hands. The firm’s 50-day moving average price is $75.88 and its 200-day moving average price is $79.59. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The firm has a market cap of $64.88 billion, a P/E ratio of 22.0093 and a beta of 1.07.
Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by $0.05. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts forecast that Lowe’s Companies, Inc. will post $4.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.
Lowe’s Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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