Capstone Asset Management Co. Cuts Stake in Lowe’s Companies, Inc. (LOW)

Capstone Asset Management Co. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,782 shares of the home improvement retailer’s stock after selling 10,178 shares during the quarter. Capstone Asset Management Co.’s holdings in Lowe’s Companies were worth $13,086,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LOW. Waldron LP acquired a new stake in Lowe’s Companies during the first quarter valued at $364,000. Financial Architects Inc grew its position in Lowe’s Companies by 1.1% during the first quarter. Financial Architects Inc now owns 4,313 shares of the home improvement retailer’s stock valued at $355,000 after buying an additional 46 shares during the period. IFP Advisors Inc grew its position in Lowe’s Companies by 4.2% during the first quarter. IFP Advisors Inc now owns 30,862 shares of the home improvement retailer’s stock valued at $2,537,000 after buying an additional 1,251 shares during the period. Valicenti Advisory Services Inc. grew its position in Lowe’s Companies by 5.1% during the first quarter. Valicenti Advisory Services Inc. now owns 53,675 shares of the home improvement retailer’s stock valued at $4,413,000 after buying an additional 2,625 shares during the period. Finally, Smith Chas P & Associates PA Cpas grew its position in Lowe’s Companies by 3.0% during the first quarter. Smith Chas P & Associates PA Cpas now owns 10,166 shares of the home improvement retailer’s stock valued at $836,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 74.32% of the company’s stock.

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Several research firms recently commented on LOW. Longbow Research restated a “buy” rating and set a $95.00 price target on shares of Lowe’s Companies in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and set a $75.00 price target (down previously from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Piper Jaffray Companies restated a “hold” rating and set a $80.00 price target (down previously from $83.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Finally, Wolfe Research restated an “outperform” rating and set a $94.00 price target (down previously from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.00.

Shares of Lowe’s Companies, Inc. (NYSE LOW) traded down 0.60% during midday trading on Friday, hitting $77.99. 14,518,162 shares of the company’s stock were exchanged. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The stock’s 50-day moving average price is $76.21 and its 200 day moving average price is $79.61. The firm has a market cap of $64.95 billion, a PE ratio of 22.14 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced 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). The company had revenue of $19.50 billion for 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 was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. Equities research analysts forecast that Lowe’s Companies, Inc. will post $4.50 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. Lowe’s Companies’s payout ratio is currently 46.20%.

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

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