Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by DNB Asset Management AS

DNB Asset Management AS boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,578 shares of the home improvement retailer’s stock after buying an additional 25,962 shares during the period. DNB Asset Management AS’s holdings in Lowe’s Companies were worth $18,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Lake Street Financial LLC increased its position in Lowe’s Companies by 2.4% in the fourth quarter. Lake Street Financial LLC now owns 15,006 shares of the home improvement retailer’s stock worth $1,797,000 after buying an additional 347 shares during the period. Foster Victor Wealth Advisors LLC increased its position in Lowe’s Companies by 23.2% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 20,698 shares of the home improvement retailer’s stock worth $2,515,000 after buying an additional 3,899 shares during the period. Stony Point Wealth Management Inc. acquired a new stake in Lowe’s Companies in the fourth quarter worth $216,000. BKD Wealth Advisors LLC increased its position in Lowe’s Companies by 28.0% in the fourth quarter. BKD Wealth Advisors LLC now owns 7,282 shares of the home improvement retailer’s stock worth $872,000 after buying an additional 1,595 shares during the period. Finally, Courier Capital LLC increased its position in Lowe’s Companies by 0.6% in the fourth quarter. Courier Capital LLC now owns 23,996 shares of the home improvement retailer’s stock worth $2,929,000 after buying an additional 152 shares during the period. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on LOW shares. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Lowe’s Companies in a research report on Wednesday, November 20th. Nomura raised their price target on Lowe’s Companies from $132.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Robert W. Baird reissued a “buy” rating and set a $135.00 price target on shares of Lowe’s Companies in a report on Wednesday, November 20th. Wolfe Research lowered Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 price target on the stock. in a report on Tuesday, October 8th. Finally, Telsey Advisory Group raised their price target on Lowe’s Companies from $120.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $129.46.

Shares of LOW opened at $121.05 on Tuesday. The stock’s fifty day moving average is $118.88 and its 200-day moving average is $110.60. Lowe’s Companies, Inc. has a one year low of $90.23 and a one year high of $122.88. The firm has a market capitalization of $92.74 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.06. Lowe’s Companies had a return on equity of 146.62% and a net margin of 4.11%. The business had revenue of $17.39 billion during the quarter, compared to analysts’ expectations of $17.69 billion. During the same quarter last year, the business posted $1.04 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Analysts forecast that Lowe’s Companies, Inc. will post 5.7 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, January 21st. This represents a $2.20 annualized dividend and a yield of 1.82%. Lowe’s Companies’s dividend payout ratio is currently 42.80%.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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