Sandy Spring Bank Purchases 12,475 Shares of Lowe's Companies, Inc. (LOW)

Sandy Spring Bank increased its position in Lowe's Companies, Inc. (NYSE:LOW) by 23.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,699 shares of the home improvement retailer’s stock after purchasing an additional 12,475 shares during the period. Sandy Spring Bank’s holdings in Lowe's Companies were worth $5,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Lowe's Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after acquiring an additional 58,073,138 shares in the last quarter. FMR LLC boosted its holdings in Lowe's Companies by 62.6% in the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after acquiring an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Lowe's Companies by 1,457.8% in the second quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock worth $293,669,000 after acquiring an additional 3,544,665 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lowe's Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after acquiring an additional 2,650,045 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Lowe's Companies by 94.1% in the second quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock worth $269,960,000 after acquiring an additional 1,688,392 shares in the last quarter. 73.14% of the stock is currently owned by institutional investors.

Lowe's Companies, Inc. (NYSE LOW) opened at $87.44 on Tuesday. Lowe's Companies, Inc. has a 1-year low of $70.49 and a 1-year high of $88.55. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. The firm has a market capitalization of $71,919.50, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15.

Lowe's Companies (NYSE:LOW) last posted its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The company had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. Lowe's Companies’s revenue was up 6.6% on a year-over-year basis. equities research analysts forecast that Lowe's Companies, Inc. will post 4.51 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio is 39.33%.

Several research firms have commented on LOW. Guggenheim began coverage on Lowe's Companies in a report on Tuesday, December 12th. They issued a “buy” rating and a $95.00 target price on the stock. Jefferies Group reaffirmed a “hold” rating and set a $75.00 price target on shares of Lowe's Companies in a report on Thursday, September 28th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $80.00 price target on shares of Lowe's Companies in a report on Friday, September 29th. Gordon Haskett initiated coverage on Lowe's Companies in a report on Tuesday, October 3rd. They set an “accumulate” rating and a $88.00 price target on the stock. Finally, Zacks Investment Research raised Lowe's Companies from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $87.66.

In other Lowe's Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total value of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at $2,407,725. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares in the company, valued at approximately $372,930. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

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Lowe's Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a 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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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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