Ancora Advisors LLC Purchases 441 Shares of Lowe’s Companies, Inc. (LOW)

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Ancora Advisors LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,418 shares of the home improvement retailer’s stock after purchasing an additional 441 shares during the quarter. Ancora Advisors LLC’s holdings in Lowe’s Companies were worth $1,517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Lowe’s Companies by 0.7% in the 4th quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock valued at $4,941,544,000 after purchasing an additional 371,008 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Lowe’s Companies by 8,621.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock valued at $191,000 after purchasing an additional 17,470,536 shares during the last quarter. Lunia Capital LP raised its stake in Lowe’s Companies by 18,944.2% in the 4th quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock valued at $15,741,000 after purchasing an additional 15,658,352 shares during the last quarter. Northern Trust Corp raised its stake in Lowe’s Companies by 2.2% in the 4th quarter. Northern Trust Corp now owns 10,385,320 shares of the home improvement retailer’s stock valued at $959,189,000 after purchasing an additional 221,683 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Lowe’s Companies by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 10,336,009 shares of the home improvement retailer’s stock valued at $952,946,000 after purchasing an additional 728,740 shares during the last quarter. 75.63% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on LOW. Evercore ISI began coverage on Lowe’s Companies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $120.00 price objective for the company. Morgan Stanley set a $115.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Tuesday, March 19th. Wells Fargo & Co increased their price objective on Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. KeyCorp raised their target price on Lowe’s Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Finally, Wedbush raised their target price on Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $113.42.

Shares of LOW opened at $106.03 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $81.16 and a 52-week high of $117.70. The firm has a market capitalization of $85.36 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.22 and a beta of 1.27. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 6.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 37.35%.

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Lowe’s Companies Company Profile

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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