Global X Japan Co. Ltd. Purchases 3,379 Shares of Lowe’s Companies, Inc. $LOW

Global X Japan Co. Ltd. boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 121.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,150 shares of the home improvement retailer’s stock after purchasing an additional 3,379 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Lowe’s Companies were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Lowe’s Companies during the second quarter valued at $1,773,624,000. Tableaux LLC purchased a new stake in Lowe’s Companies in the second quarter worth about $282,884,000. Laurel Wealth Advisors LLC grew its holdings in Lowe’s Companies by 22,167.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after acquiring an additional 1,027,683 shares in the last quarter. Worldquant Millennium Advisors LLC increased its position in Lowe’s Companies by 243.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after purchasing an additional 791,526 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Lowe’s Companies by 26.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,358,118 shares of the home improvement retailer’s stock valued at $523,196,000 after purchasing an additional 491,005 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOW. Argus lowered their price target on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Mizuho lowered their target price on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a report on Monday. Finally, Oppenheimer decreased their price objective on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $276.80.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $241.97 on Wednesday. The stock’s fifty day moving average price is $239.87 and its 200 day moving average price is $240.20. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $274.98. The company has a market cap of $135.73 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 4.01 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $2.89 earnings per share. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.