Lowe’s Companies, Inc. (LOW) Shares Bought by Comerica Securities Inc.

Comerica Securities Inc. increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,753 shares of the home improvement retailer’s stock after purchasing an additional 818 shares during the period. Comerica Securities Inc.’s holdings in Lowe’s Companies were worth $1,270,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Capital International Investors acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $746,818,000. FMR LLC lifted its holdings in Lowe’s Companies by 8.0% during the 3rd quarter. FMR LLC now owns 21,879,740 shares of the home improvement retailer’s stock worth $2,512,233,000 after buying an additional 1,616,536 shares in the last quarter. Winslow Capital Management LLC lifted its holdings in Lowe’s Companies by 28.4% during the 3rd quarter. Winslow Capital Management LLC now owns 4,081,562 shares of the home improvement retailer’s stock worth $468,645,000 after buying an additional 901,607 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Lowe’s Companies by 50.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,641,814 shares of the home improvement retailer’s stock worth $303,333,000 after buying an additional 880,253 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $90,375,000. 76.55% of the stock is owned by hedge funds and other institutional investors.

Shares of LOW opened at $104.24 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $81.16 and a twelve month high of $117.70. The firm has a market capitalization of $83.70 billion, a PE ratio of 23.74, a PEG ratio of 1.19 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 0.18 and a debt-to-equity ratio of 2.68.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.06. The firm had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $17.36 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 5.11 EPS for the current year.

LOW has been the topic of a number of research reports. Jefferies Financial Group set a $126.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Monday, November 5th. Loop Capital set a $130.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, October 24th. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Tuesday, October 23rd. Deutsche Bank set a $101.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, November 21st. Finally, SunTrust Banks increased their target price on shares of Lowe’s Companies to $128.00 and gave the stock a “buy” rating in a report on Thursday, December 13th. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $111.36.

In related news, Director Brian C. Rogers bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were purchased at an average cost of $88.02 per share, with a total value of $880,200.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $880,200. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

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About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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