Lowe’s Companies, Inc. (LOW) Shares Sold by Jolley Asset Management LLC

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Jolley Asset Management LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,623 shares of the home improvement retailer’s stock after selling 605 shares during the quarter. Jolley Asset Management LLC’s holdings in Lowe’s Companies were worth $287,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its position in shares of Lowe’s Companies by 8,621.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock valued at $191,000 after buying an additional 17,470,536 shares in the last quarter. Lunia Capital LP increased its position in shares of Lowe’s Companies by 18,944.2% in the fourth quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock valued at $15,741,000 after buying an additional 15,658,352 shares in the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at $734,285,000. FMR LLC increased its position in shares of Lowe’s Companies by 9.2% in the fourth quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock valued at $2,206,843,000 after buying an additional 2,014,183 shares in the last quarter. Finally, Packer & Co Ltd increased its position in shares of Lowe’s Companies by 155.3% in the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the home improvement retailer’s stock valued at $38,385,000 after buying an additional 754,200 shares in the last quarter. Hedge funds and other institutional investors own 76.33% of the company’s stock.

Lowe’s Companies stock opened at $117.12 on Thursday. The stock has a market cap of $93.73 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.36 and a beta of 1.27. Lowe’s Companies, Inc. has a 52 week low of $81.16 and a 52 week high of $118.23. 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 posted its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $15.65 billion during the quarter, compared to analysts’ expectations of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 6.07 earnings per share for the current year.

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

LOW has been the subject of a number of research analyst reports. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Barclays cut Lowe’s Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $120.00 to $105.00 in a research report on Wednesday, January 9th. Loop Capital cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded Lowe’s Companies from a “hold” rating to a “strong-buy” rating and set a $109.00 price target for the company in a research report on Wednesday, January 23rd. Finally, Robert W. Baird raised their price target on Lowe’s Companies from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $114.52.

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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. 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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