Today, Lowe’s Cos. (LOW) Position Increased by KBC Group NV

Today, Lowe’s Cos. (LOW) Position Increased by KBC Group NV
KBC Group NV increased its position in shares of Lowe’s Cos. (NYSE:LOW) by 18.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 426,649 shares of the home improvement retailer’s stock after buying an additional 66,012 shares during the period. KBC Group NV’s holdings in Lowe’s Cos. were worth $30,808,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LOW. CWM LLC increased its stake in Lowe’s Cos. by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 4 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Lowe’s Cos. during the second quarter worth $103,000. Hanson McClain Inc. increased its stake in Lowe’s Cos. by 17.5% in the second quarter. Hanson McClain Inc. now owns 1,328 shares of the home improvement retailer’s stock worth $105,000 after buying an additional 198 shares during the last quarter. North Star Investment Management Corp. increased its stake in Lowe’s Cos. by 20.0% in the third quarter. North Star Investment Management Corp. now owns 1,380 shares of the home improvement retailer’s stock worth $100,000 after buying an additional 230 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Lowe’s Cos. during the second quarter worth $110,000. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Shares of Lowe’s Cos. (NYSE:LOW) traded up 0.61% during mid-day trading on Friday, hitting $72.21. The company had a trading volume of 2,710,550 shares. The firm has a 50-day moving average price of $69.19 and a 200-day moving average price of $75.62. The firm has a market capitalization of $63.04 billion, a PE ratio of 26.51 and a beta of 1.25. Lowe’s Cos. has a 52 week low of $62.62 and a 52 week high of $83.65.

Lowe’s Cos. (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts forecast that Lowe’s Cos. will post $3.92 earnings per share for the current year.

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

Several analysts recently weighed in on the company. Vetr downgraded Lowe’s Cos. from a “buy” rating to a “hold” rating and set a $85.38 price objective for the company. in a research report on Thursday, July 28th. Jefferies Group restated a “hold” rating and set a $81.00 price objective on shares of Lowe’s Cos. in a research report on Thursday, August 18th. Nomura set a $80.00 price objective on Lowe’s Cos. and gave the stock a “hold” rating in a research report on Thursday, August 18th. Zacks Investment Research downgraded Lowe’s Cos. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Finally, BMO Capital Markets restated a “buy” rating on shares of Lowe’s Cos. in a research report on Thursday, November 17th. Thirteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Lowe’s Cos. has a consensus rating of “Buy” and a consensus target price of $81.93.

Lowe’s Cos. Company Profile

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