Heritage Wealth Advisors Grows Position in Lowe's Companies, Inc. (LOW)

Heritage Wealth Advisors increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW) by 42.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,685 shares of the home improvement retailer’s stock after buying an additional 1,400 shares during the quarter. Heritage Wealth Advisors’ holdings in Lowe's Companies were worth $434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Vanguard Group Inc. lifted its position in Lowe's Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock valued at $5,021,542,000 after purchasing an additional 897,911 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Lowe's Companies by 40.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock valued at $1,210,613,000 after purchasing an additional 4,351,830 shares during the period. FMR LLC lifted its position 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 valued at $751,610,000 after purchasing an additional 3,732,153 shares during the period. Ameriprise Financial Inc. lifted its position in Lowe's Companies by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock valued at $719,560,000 after purchasing an additional 64,780 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Lowe's Companies by 2.8% in the third quarter. Bank of New York Mellon Corp now owns 8,332,702 shares of the home improvement retailer’s stock valued at $666,117,000 after purchasing an additional 229,746 shares during the period. 72.54% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on LOW. Stifel Nicolaus restated a “buy” rating and issued a $103.00 price objective on shares of Lowe's Companies in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Friday, February 2nd. Jefferies Group upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $81.00 to $129.00 in a research report on Monday. Robert W. Baird set a $87.00 price objective on shares of Lowe's Companies and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Telsey Advisory Group raised their price objective on shares of Lowe's Companies from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have issued a buy rating to the company. Lowe's Companies presently has a consensus rating of “Buy” and a consensus price target of $96.35.

Lowe's Companies, Inc. (NYSE:LOW) opened at $95.01 on Friday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. Lowe's Companies, Inc. has a 12 month low of $70.76 and a 12 month high of $108.98. The firm has a market cap of $82,909.67, a P/E ratio of 22.16, a PEG ratio of 0.93 and a beta of 1.19.

Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The business had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period last year, the company posted $0.88 EPS. The company’s revenue was up 6.6% on a year-over-year basis. research analysts predict that Lowe's Companies, Inc. will post 4.53 earnings per share for the current year.

Lowe's Companies announced that its board has approved a stock buyback program on Friday, January 26th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In other news, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

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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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