Lowe’s Companies, Inc. (LOW) Shares Bought by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 36,582 shares of the home improvement retailer’s stock after acquiring an additional 4,927 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Lowe’s Companies were worth $4,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Clarfeld Financial Advisors LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $26,000. CNB Bank purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $46,000. Capital Financial Planning LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $46,000. Ironwood Financial llc increased its stake in shares of Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock valued at $50,000 after buying an additional 342 shares during the period. Finally, Contravisory Investment Management Inc. increased its stake in shares of Lowe’s Companies by 360.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock valued at $60,000 after buying an additional 512 shares during the period. 75.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LOW stock opened at $117.18 on Tuesday. The firm has a market capitalization of $92.69 billion, a P/E ratio of 22.80, a PEG ratio of 1.34 and a beta of 1.27. Lowe’s Companies, Inc. has a twelve month low of $81.16 and a twelve month high of $117.70. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.11 and a current ratio of 0.98.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The business had revenue of $15.65 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 6.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 37.35%.

Several equities analysts have recently issued reports on the company. Wells Fargo & Co boosted their target price on Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. Morgan Stanley upped their price target on Lowe’s Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Citigroup upped their price target on Lowe’s Companies from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Robert W. Baird upped their price target on Lowe’s Companies from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Finally, Loop Capital upped their price target on Lowe’s Companies from $99.00 to $102.00 and gave the stock a “hold” rating in a research note on Wednesday, February 27th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $114.52.

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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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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