GAM Holding AG grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 36.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,921 shares of the home improvement retailer’s stock after buying an additional 2,931 shares during the quarter. GAM Holding AG’s holdings in Lowe’s Companies were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new position in shares of Lowe’s Companies in the second quarter worth approximately $103,000. CSat Investment Advisory L.P. purchased a new position in shares of Lowe’s Companies in the second quarter worth approximately $108,000. Columbia Asset Management purchased a new position in shares of Lowe’s Companies in the third quarter worth approximately $109,000. Capital Advisors Ltd. LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth approximately $116,000. Finally, Stelac Advisory Services LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth approximately $123,000. Institutional investors own 74.34% of the company’s stock.
Several research analysts have recently weighed in on the stock. Wedbush set a $95.00 target price on shares of Lowe’s Companies and gave the stock a “hold” rating in a research report on Thursday, December 13th. Loop Capital set a $125.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, November 21st. Wells Fargo & Co boosted their price objective on shares of Lowe’s Companies from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, December 13th. Credit Suisse Group set a $99.00 price objective on shares of Lowe’s Companies and gave the company a “hold” rating in a research report on Tuesday, December 11th. Finally, ValuEngine downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Lowe’s Companies presently has an average rating of “Buy” and an average target price of $111.92.
Shares of Lowe’s Companies stock traded up $0.01 on Friday, reaching $91.87. The stock had a trading volume of 3,304,727 shares, compared to its average volume of 5,285,929. The company has a current ratio of 1.00, a quick ratio of 0.18 and a debt-to-equity ratio of 2.68. Lowe’s Companies, Inc. has a fifty-two week low of $81.16 and a fifty-two week high of $117.70. The stock has a market capitalization of $73.76 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.27 and a beta of 1.55.
Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.06. The firm had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $17.36 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 5.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.09%. The ex-dividend date is Tuesday, January 22nd. Lowe’s Companies’s payout ratio is currently 43.74%.
In related news, Director Brian C. Rogers bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The stock was purchased at an average cost of $88.02 per share, for a total transaction of $880,200.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $880,200. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.
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Lowe’s Companies Company Profile
Lowe’s Cos., Inc engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors.
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