Lowe's Companies, Inc. (LOW) Position Raised by Tower Bridge Advisors

Tower Bridge Advisors boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 7.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,752 shares of the home improvement retailer’s stock after purchasing an additional 2,240 shares during the period. Tower Bridge Advisors’ holdings in Lowe's Companies were worth $2,698,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC acquired a new stake in shares of Lowe's Companies in the 1st quarter valued at $103,000. Atlantic Trust LLC acquired a new stake in shares of Lowe's Companies in the 2nd quarter valued at $105,000. State of Alaska Department of Revenue increased its stake in shares of Lowe's Companies by 8.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 110 shares during the period. Balentine LLC acquired a new stake in shares of Lowe's Companies in the 1st quarter valued at $120,000. Finally, Motco increased its stake in shares of Lowe's Companies by 33.4% in the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after buying an additional 432 shares during the period. 73.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Lowe's Companies, Inc. (LOW) opened at $90.19 on Thursday. 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 stock has a market capitalization of $73,732.52, a P/E ratio of 19.70, a P/E/G ratio of 1.34 and a beta of 1.15. Lowe's Companies, Inc. has a 12 month low of $70.49 and a 12 month high of $90.94.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is currently 39.33%.

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

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

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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.

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

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