HPM Partners LLC cut its position in Lowe's Companies, Inc. (NYSE:LOW) by 29.1% in the 4th quarter, Holdings Channel reports. The firm owned 9,632 shares of the home improvement retailer’s stock after selling 3,961 shares during the period. HPM Partners LLC’s holdings in Lowe's Companies were worth $895,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Atlantic Trust LLC acquired a new stake in shares of Lowe's Companies in the second quarter valued at about $105,000. Almanack Investment Partners LLC. acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at about $106,000. Stonehearth Capital Management LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at about $112,000. Truewealth LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at about $128,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at about $129,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.
Shares of Lowe's Companies, Inc. (LOW) opened at $86.14 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 1.06 and a debt-to-equity ratio of 2.65. Lowe's Companies, Inc. has a one year low of $70.76 and a one year high of $108.98. The company has a market capitalization of $72,774.40, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.30.
Lowe's Companies declared that its board has authorized a share buyback plan on Friday, January 26th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently weighed in on LOW shares. BMO Capital Markets reissued a “hold” rating and issued a $95.00 price target (up previously from $82.00) on shares of Lowe's Companies in a research note on Thursday, March 1st. Royal Bank of Canada decreased their price target on Lowe's Companies to $102.00 and set an “outperform” rating for the company in a research note on Thursday, March 1st. Credit Suisse Group set a $116.00 price target on Lowe's Companies and gave the company a “buy” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $100.00 price target on shares of Lowe's Companies in a research note on Tuesday, March 6th. Finally, Telsey Advisory Group increased their price target on Lowe's Companies from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $97.93.
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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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