Todays Report: Today, Founders Capital Management LLC decides to keep it stake in Lowe’s Cos. (LOW) to the level of $748,000

Today, Founders Capital Management LLC decides to keep it stake in Lowe’s Cos. (LOW) to the level of $748,000

Founders Capital Management LLC continued to hold its position in shares of Lowe’s Cos. (NYSE:LOW) during the third quarter, Holdings Channel reports. The firm owned 10,353 shares of the home improvement retailer’s stock at the end of the third quarter. Founders Capital Management LLC’s holdings in Lowe’s Cos. were worth $748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC raised its position in shares of Lowe’s Cos. by 23.3% in the first quarter. Squarepoint Ops LLC now owns 16,492 shares of the home improvement retailer’s stock valued at $1,249,000 after buying an additional 3,121 shares in the last quarter. M&R Capital Management Inc. raised its position in shares of Lowe’s Cos. by 12.9% in the first quarter. M&R Capital Management Inc. now owns 3,500 shares of the home improvement retailer’s stock valued at $265,000 after buying an additional 400 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Lowe’s Cos. by 8.2% in the second quarter. Fulton Bank N.A. now owns 3,409 shares of the home improvement retailer’s stock valued at $270,000 after buying an additional 259 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Lowe’s Cos. by 3.5% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 2,526 shares of the home improvement retailer’s stock valued at $260,000 after buying an additional 85 shares in the last quarter. Finally, Boltwood Capital Management raised its position in shares of Lowe’s Cos. by 0.7% in the second quarter. Boltwood Capital Management now owns 30,270 shares of the home improvement retailer’s stock valued at $2,396,000 after buying an additional 225 shares in the last quarter. 74.34% of the stock is owned by institutional investors and hedge funds.

Lowe’s Cos. (NYSE:LOW) traded up 0.61% during mid-day trading on Friday, reaching $72.21. 2,710,550 shares of the company’s stock traded hands. Lowe’s Cos. has a one year low of $62.62 and a one year high of $83.65. The firm’s 50-day moving average price is $69.10 and its 200 day moving average price is $75.59. The firm has a market cap of $63.04 billion, a price-to-earnings ratio of 26.51 and a beta of 1.25.

Lowe’s Cos. (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. Lowe’s Cos. had a net margin of 3.91% and a return on equity of 46.46%. The company had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.86 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts forecast that Lowe’s Cos. will post $3.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, January 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.94%. Lowe’s Cos.’s payout ratio is 51.28%.

Several research analysts recently issued reports on LOW shares. Stifel Nicolaus started coverage on Lowe’s Cos. in a research report on Tuesday, August 2nd. They set a “buy” rating and a $100.00 target price for the company. Vetr raised Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $87.38 target price for the company in a research report on Tuesday, August 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $70.00 price objective on shares of Lowe’s Cos. in a research report on Thursday, August 4th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Cos. in a research report on Tuesday, August 16th. Finally, Jefferies Group reissued a “hold” rating and issued a $81.00 price objective on shares of Lowe’s Cos. in a research report on Thursday, August 18th. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $81.93.

About Lowe’s Cos.

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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