TLP Group LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 74.8% during the first quarter, Holdings Channel reports. The fund owned 4,600 shares of the home improvement retailer’s stock after buying an additional 1,969 shares during the period. TLP Group LLC’s holdings in Lowe’s Companies were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OppenheimerFunds Inc. increased its position in shares of Lowe’s Companies by 204.0% in the first quarter. OppenheimerFunds Inc. now owns 8,018,171 shares of the home improvement retailer’s stock worth $659,174,000 after buying an additional 5,380,759 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of Lowe’s Companies by 5,762.1% in the first quarter. CIBC World Markets Inc. now owns 880,961 shares of the home improvement retailer’s stock worth $72,424,000 after buying an additional 865,933 shares during the last quarter. American Century Companies Inc. increased its position in shares of Lowe’s Companies by 65.7% in the first quarter. American Century Companies Inc. now owns 2,182,070 shares of the home improvement retailer’s stock worth $179,388,000 after buying an additional 865,109 shares during the last quarter. Swiss National Bank increased its position in shares of Lowe’s Companies by 24.4% in the first quarter. Swiss National Bank now owns 3,216,148 shares of the home improvement retailer’s stock worth $264,400,000 after buying an additional 631,300 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Lowe’s Companies during the first quarter worth approximately $36,390,000. 74.70% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies, Inc. (NYSE:LOW) opened at 78.40 on Monday. The stock has a market capitalization of $66.19 billion, a price-to-earnings ratio of 24.58 and a beta of 1.08. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The company’s 50-day moving average is $77.18 and its 200 day moving average is $79.23.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.03. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter last year, the business posted $0.87 EPS. Lowe’s Companies’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts expect that Lowe’s Companies, Inc. will post $4.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, July 24th. This represents a $1.64 dividend on an annualized basis and a yield of 2.09%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s dividend payout ratio (DPR) is 51.57%.

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LOW has been the subject of a number of analyst reports. Vetr downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target for the company. in a report on Monday, May 8th. Jefferies Group LLC increased their price target on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a report on Friday, May 12th. Credit Suisse Group set a $94.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, April 18th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $85.39.

In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total transaction of $936,094.40. Following the transaction, the insider now owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.11% of the stock is currently owned by company insiders.

About Lowe’s Companies

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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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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