Beck Mack & Oliver LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,271 shares of the home improvement retailer’s stock after selling 5,456 shares during the period. Beck Mack & Oliver LLC’s holdings in Lowe’s Companies were worth $23,854,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Ironwood Financial llc raised its position in shares of Lowe’s Companies by 171.0% during the 4th quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after buying an additional 342 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of Lowe’s Companies by 360.6% in the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after acquiring an additional 512 shares in the last quarter. Mascoma Wealth Management LLC increased its position in shares of Lowe’s Companies by 76.9% in the fourth quarter. Mascoma Wealth Management LLC now owns 690 shares of the home improvement retailer’s stock worth $64,000 after acquiring an additional 300 shares in the last quarter. Columbia Asset Management acquired a new stake in shares of Lowe’s Companies during the third quarter worth approximately $109,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth approximately $116,000. Hedge funds and other institutional investors own 76.55% of the company’s stock.
In related news, Director Brian C. Rogers acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were acquired at an average cost of $88.02 per share, for a total transaction of $880,200.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $880,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.
LOW has been the subject of a number of analyst reports. Jefferies Financial Group set a $119.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Barclays lowered shares of Lowe’s Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $120.00 to $105.00 in a report on Wednesday, January 9th. Citigroup raised shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Tuesday, October 23rd. Gordon Haskett downgraded shares of Lowe’s Companies from an “accumulate” rating to a “hold” rating in a research report on Thursday, November 8th. Finally, SunTrust Banks upped their target price on shares of Lowe’s Companies to $128.00 and gave the company a “buy” rating in a research report on Thursday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $111.36.
Shares of LOW opened at $101.46 on Thursday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18. Lowe’s Companies, Inc. has a one year low of $81.16 and a one year high of $117.70. The firm has a market capitalization of $77.74 billion, a P/E ratio of 23.11, a PEG ratio of 1.14 and a beta of 1.27.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.06. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The business had revenue of $17.42 billion during the quarter, compared to analyst estimates of $17.36 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. Lowe’s Companies’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts predict that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.
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Lowe’s Companies Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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