Trade Report: Today, Toronto Dominion Bank Raises its position in Lowe’s Cos. (LOW) as a favorable investment target.

Today, Toronto Dominion Bank Raises its position in Lowe’s Cos. (LOW) as a favorable investment target.

Toronto Dominion Bank raised its position in Lowe’s Cos. (NYSE:LOW) by 107.6% during the third quarter, Holdings Channel reports. The fund owned 44,931 shares of the home improvement retailer’s stock after buying an additional 23,283 shares during the period. Toronto Dominion Bank’s holdings in Lowe’s Cos. were worth $3,247,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. CWM LLC raised its stake in shares of 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 in the last quarter. Oakworth Capital Inc. raised its stake in shares of Lowe’s Cos. by 0.5% in the third quarter. Oakworth Capital Inc. now owns 3,311 shares of the home improvement retailer’s stock valued at $239,000 after buying an additional 15 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Lowe’s Cos. by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,006 shares of the home improvement retailer’s stock valued at $238,000 after buying an additional 19 shares in the last quarter. Highland Private Wealth Management raised its stake in shares of Lowe’s Cos. by 1.1% in the second quarter. Highland Private Wealth Management now owns 2,734 shares of the home improvement retailer’s stock valued at $217,000 after buying an additional 29 shares in the last quarter. Finally, Aull & Monroe Investment Management Corp raised its stake in shares of Lowe’s Cos. by 0.3% in the second quarter. Aull & Monroe Investment Management Corp now owns 9,892 shares of the home improvement retailer’s stock valued at $783,000 after buying an additional 30 shares in the last quarter. 73.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lowe’s Cos. (NYSE:LOW) traded down 1.40% during mid-day trading on Monday, reaching $71.20. 5,315,860 shares of the company’s stock traded hands. The company’s 50 day moving average is $69.10 and its 200-day moving average is $75.55. Lowe’s Cos. has a 52 week low of $62.62 and a 52 week high of $83.65. The firm has a market cap of $62.16 billion, a price-to-earnings ratio of 26.14 and a beta of 1.25.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Monday, January 23rd. Lowe’s Cos.’s dividend payout ratio is 51.28%.

LOW has been the subject of several research analyst reports. Stifel Nicolaus initiated coverage on Lowe’s Cos. in a report on Tuesday, August 2nd. They issued a “buy” rating and a $100.00 price objective for the company. Vetr upgraded Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $87.38 target price for the company in a research note on Tuesday, August 2nd. Cantor Fitzgerald restated a “hold” rating and issued a $70.00 target price on shares of Lowe’s Cos. in a research note on Thursday, August 4th. JPMorgan Chase & Co. restated a “buy” rating and issued a $89.00 target price on shares of Lowe’s Cos. in a research note on Tuesday, August 16th. Finally, Jefferies Group restated a “hold” rating and issued a $81.00 target price on shares of Lowe’s Cos. in a research note on Thursday, August 18th. Thirteen 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 a consensus 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.

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