Sei Investments Co. Has $25.33 Million Stake in Lowe’s Companies, Inc. (LOW)
Sei Investments Co. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 32.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,684 shares of the home improvement retailer’s stock after selling 154,924 shares during the period. Sei Investments Co.’s holdings in Lowe’s Companies were worth $25,329,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after acquiring an additional 2,650,045 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Lowe’s Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after acquiring an additional 11,119 shares in the last quarter. Blue Edge Capital LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $727,000. KCG Holdings Inc. boosted its holdings in shares of Lowe’s Companies by 170.7% in the first quarter. KCG Holdings Inc. now owns 69,485 shares of the home improvement retailer’s stock valued at $5,712,000 after acquiring an additional 43,815 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Lowe’s Companies by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,425,597 shares of the home improvement retailer’s stock valued at $199,407,000 after acquiring an additional 60,109 shares in the last quarter. 74.20% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on LOW shares. Longbow Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of Lowe’s Companies from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $94.00 target price on shares of Lowe’s Companies in a report on Monday, August 21st. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 target price on shares of Lowe’s Companies in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.00.
Lowe’s Companies, Inc. (NYSE:LOW) opened at 78.23 on Friday. Lowe’s Companies, Inc. has a 52-week low of $64.87 and a 52-week high of $86.25. The stock has a 50 day moving average of $76.25 and a 200-day moving average of $79.59. The firm has a market cap of $65.15 billion, a price-to-earnings ratio of 22.21 and a beta of 1.07.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.58 billion. During the same quarter last year, the business posted $1.37 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts expect that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is 46.20%.
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In other Lowe’s Companies news, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the completion of the transaction, the insider now directly owns 8,400 shares in the company, valued at $655,368. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company’s stock.
Lowe’s Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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