Violich Capital Management Inc. held its stake in Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, Holdings Channel reports. The firm owned 14,756 shares of the home improvement retailer’s stock at the end of the first quarter. Violich Capital Management Inc.’s holdings in Lowe’s Companies were worth $1,213,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. increased its stake in 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 in the last quarter. CIBC World Markets Inc. increased its stake in 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 in the last quarter. American Century Companies Inc. increased its stake in 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 in the last quarter. Swiss National Bank increased its stake in 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 in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Lowe’s Companies during the first quarter worth $36,390,000. 74.70% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies, Inc. (NYSE:LOW) opened at 78.32 on Tuesday. The firm’s 50-day moving average price is $77.18 and its 200 day moving average price is $79.23. Lowe’s Companies, Inc. has a 52 week low of $64.87 and a 52 week high of $86.25. The company has a market capitalization of $66.12 billion, a PE ratio of 24.56 and a beta of 1.08. Lowe’s Companies also saw unusually large options trading on Monday. Stock investors acquired 6,466 put options on the stock. This is an increase of 538% compared to the typical daily volume of 1,014 put options.

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

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

COPYRIGHT VIOLATION WARNING: “Violich Capital Management Inc. Continues to Hold Position in Lowe’s Companies, Inc. (NYSE:LOW)” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/08/violich-capital-management-inc-continues-to-hold-position-in-lowes-companies-inc-nyselow.html.

A number of analysts have weighed in on LOW shares. Vetr downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price for the company. in a research report on Monday, May 8th. Jefferies Group LLC increased their target price on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Credit Suisse Group set a $94.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research 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 target price for the company in a research report on Tuesday, April 18th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $85.39.

In other news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the sale, the insider now directly owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

Receive News & Ratings for Lowe's Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.