Hosking Partners LLP increased its position in Lowe’s Cos. (NYSE:LOW) by 14.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 247,725 shares of the home improvement retailer’s stock after buying an additional 30,533 shares during the period. Hosking Partners LLP’s holdings in Lowe’s Cos. were worth $17,888,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. CWM LLC boosted 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 valued at $100,000 after buying an additional 4 shares during the last quarter. North Star Investment Management Corp. boosted 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 valued at $100,000 after buying an additional 230 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Lowe’s Cos. during the second quarter valued at $103,000. Hanson McClain Inc. boosted 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 valued at $105,000 after buying an additional 198 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Lowe’s Cos. during the second quarter valued at $110,000. 73.83% of the stock is currently owned by institutional investors and hedge funds.
Lowe’s Cos. (NYSE:LOW) traded down 0.90% on Monday, hitting $71.56. The stock had a trading volume of 3,244,556 shares. Lowe’s Cos. has a 52-week low of $62.62 and a 52-week high of $83.65. The company has a 50-day moving average price of $69.10 and a 200 day moving average price of $75.59. The firm has a market cap of $62.47 billion, a PE ratio of 26.27 and a beta of 1.25.
Lowe’s Cos. (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.08. Lowe’s Cos. had a return on equity of 46.46% and a net margin of 3.91%. The firm earned $15.70 billion during the quarter, compared to the consensus estimate of $15.86 billion. During the same period last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts forecast that Lowe’s Cos. will post $3.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $1.40 annualized dividend and a yield of 1.94%. Lowe’s Cos.’s dividend payout ratio (DPR) is currently 51.28%.
Several analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $89.00 price target on shares of Lowe’s Cos. in a report on Tuesday, August 16th. Cleveland Research cut Lowe’s Cos. from a “buy” rating to a “neutral” rating in a report on Thursday, October 6th. BMO Capital Markets raised their price objective on Lowe’s Cos. from $76.43 to $86.00 and gave the company an “outperform” rating in a report on Monday, August 22nd. Zacks Investment Research cut Lowe’s Cos. from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Finally, Vetr raised Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $72.18 price objective on the stock in a report on Wednesday, November 16th. Thirteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $81.93.
Lowe’s Cos. Company Profile
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.