100,000 Shares in Lowe's Companies, Inc. (LOW) Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc purchased a new position in Lowe's Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the home improvement retailer’s stock, valued at approximately $9,294,000.

A number of other hedge funds have also bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Lowe's Companies by 40.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock worth $1,210,613,000 after acquiring an additional 4,351,830 shares in the last quarter. FMR LLC raised its holdings in shares of Lowe's Companies by 62.6% during the 2nd 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 raised its holdings in shares of Lowe's Companies by 1,457.8% during the 2nd 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. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Lowe's Companies by 2,147.5% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,600 shares of the home improvement retailer’s stock worth $200,617,000 after acquiring an additional 2,397,937 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Lowe's Companies by 196.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 3,284,209 shares of the home improvement retailer’s stock worth $262,540,000 after acquiring an additional 2,177,496 shares in the last quarter. Institutional investors and hedge funds own 72.54% of the company’s stock.

Shares of Lowe's Companies, Inc. (LOW) opened at $97.17 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12. Lowe's Companies, Inc. has a 52 week low of $70.76 and a 52 week high of $108.98. The firm has a market capitalization of $78,835.55, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19.

Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping 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 business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts expect that Lowe's Companies, Inc. will post 4.53 EPS for the current year.

Lowe's Companies announced that its board has authorized a share repurchase program on Friday, January 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the 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 in the company, valued at $372,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Several analysts have recently issued reports on LOW shares. Telsey Advisory Group raised Lowe's Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $83.00 to $124.00 in a report on Thursday, January 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $82.00 price objective on shares of Lowe's Companies in a report on Thursday, November 2nd. Raymond James Financial raised Lowe's Companies from a “market perform” rating to an “outperform” rating and set a $87.00 price objective on the stock in a report on Monday, November 27th. Sanford C. Bernstein raised Lowe's Companies from an “underperform” rating to an “outperform” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research raised Lowe's Companies from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $96.35.

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Lowe's Companies 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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