First Business Financial Services Inc. Increases Stake in Lowe's Companies, Inc. (LOW)

First Business Financial Services Inc. grew its position in Lowe's Companies, Inc. (NYSE:LOW) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,844 shares of the home improvement retailer’s stock after purchasing an additional 1,261 shares during the period. Lowe's Companies makes up 0.2% of First Business Financial Services Inc.’s holdings, making the stock its 28th largest position. First Business Financial Services Inc.’s holdings in Lowe's Companies were worth $822,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its holdings in Lowe's Companies by 5.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 72,641 shares of the home improvement retailer’s stock worth $5,633,000 after acquiring an additional 3,652 shares during the period. Willingdon Wealth Management grew its holdings in Lowe's Companies by 10.6% during the second quarter. Willingdon Wealth Management now owns 18,553 shares of the home improvement retailer’s stock worth $1,438,000 after acquiring an additional 1,777 shares during the period. Airain ltd grew its holdings in Lowe's Companies by 5,218.7% during the second quarter. Airain ltd now owns 321,939 shares of the home improvement retailer’s stock worth $24,960,000 after acquiring an additional 315,886 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Lowe's Companies by 16.3% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,402 shares of the home improvement retailer’s stock worth $15,847,000 after acquiring an additional 28,582 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new stake in Lowe's Companies during the second quarter worth about $765,000. 72.41% of the stock is currently owned by institutional investors and hedge funds.

LOW has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 target price on shares of Lowe's Companies in a report on Tuesday, November 7th. Zacks Investment Research raised Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, November 1st. Robert W. Baird set a $87.00 target price on Lowe's Companies and gave the stock a “buy” rating in a report on Tuesday, October 31st. UBS Group raised their target price on Lowe's Companies from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Stifel Nicolaus raised their target price on Lowe's Companies from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the stock. Lowe's Companies presently has an average rating of “Buy” and an average price target of $96.35.

In other news, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the transaction, the insider now owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Lowe's Companies, Inc. (NYSE LOW) opened at $96.93 on Thursday. The firm has a market capitalization of $79,706.80, a P/E ratio of 23.24, a PEG ratio of 0.90 and a beta of 1.19. Lowe's Companies, Inc. has a 1 year low of $70.76 and a 1 year high of $108.98. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.

Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. sell-side analysts expect that Lowe's Companies, Inc. will post 4.53 EPS for the current year.

Lowe's Companies declared that its board has authorized a stock repurchase plan on Friday, January 26th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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Lowe's Companies Company Profile

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

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