People s United Financial Inc. Buys 854 Shares of Lowe’s Companies, Inc. (LOW)
People s United Financial Inc. raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 76,575 shares of the home improvement retailer’s stock after buying an additional 854 shares during the quarter. People s United Financial Inc.’s holdings in Lowe’s Companies were worth $5,936,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 buying an additional 2,650,045 shares during the last quarter. Blue Edge Capital LLC bought a new stake in Lowe’s Companies in the first quarter valued at $727,000. Sumitomo Mitsui Asset Management Company LTD lifted its stake in 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 buying an additional 11,119 shares during the last quarter. Summit Global Investments bought a new stake in Lowe’s Companies in the second quarter valued at $1,421,000. Finally, Ffcm LLC lifted its stake in Lowe’s Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after buying an additional 1,853 shares during the last quarter. Institutional investors own 74.38% of the company’s stock.
A number of equities research analysts have issued reports on the company. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $80.00 target price on shares of Lowe’s Companies in a research note on Friday, November 10th. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $84.00 target price on shares of Lowe’s Companies in a research note on Tuesday, November 7th. KeyCorp assumed coverage on Lowe’s Companies in a research note on Monday, November 6th. They issued an “overweight” rating and a $98.00 target price on the stock. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $82.00 target price on shares of Lowe’s Companies in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $85.62.
In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now directly owns 30,750 shares in the company, valued at approximately $2,407,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Ramsay sold 2,098 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total value of $163,685.96. Following the sale, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
Lowe’s Companies, Inc. (NYSE:LOW) opened at $78.37 on Thursday. The firm has a market capitalization of $65,270.00, a PE ratio of 18.26, a P/E/G ratio of 1.27 and a beta of 1.13. Lowe’s Companies, Inc. has a 12 month low of $65.12 and a 12 month high of $86.25. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.03 and a quick ratio of 0.19.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 EPS. analysts expect that Lowe’s Companies, Inc. will post 4.5 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.09%. Lowe’s Companies’s dividend payout ratio is currently 46.20%.
About Lowe’s Companies
Lowe’s Companies, Inc (Lowe’s) is a 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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