Lowe's Companies, Inc. (LOW) Stake Lowered by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW) by 38.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,379 shares of the home improvement retailer’s stock after selling 16,674 shares during the period. Daiwa Securities Group Inc.’s holdings in Lowe's Companies were worth $2,452,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LOW. Summit Global Investments purchased a new position in Lowe's Companies during the second quarter valued at $1,421,000. Glenview State Bank Trust DEPT. purchased a new position in Lowe's Companies during the fourth quarter valued at $204,000. Ffcm LLC grew its stake in Lowe's Companies by 6.4% during the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after acquiring an additional 1,853 shares in the last quarter. Burney Co. grew its stake in Lowe's Companies by 3.9% during the second quarter. Burney Co. now owns 145,724 shares of the home improvement retailer’s stock valued at $11,162,000 after acquiring an additional 5,453 shares in the last quarter. Finally, PGGM Investments grew its stake in Lowe's Companies by 45.8% during the third quarter. PGGM Investments now owns 986,226 shares of the home improvement retailer’s stock valued at $78,839,000 after acquiring an additional 309,870 shares in the last quarter. Hedge funds and other institutional investors own 72.41% of the company’s stock.

In related news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

LOW has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 target price on shares of Lowe's Companies in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, November 1st. Credit Suisse Group set a $88.00 target price on shares of Lowe's Companies and gave the company a “hold” rating in a research note on Friday, November 24th. KeyCorp initiated coverage on shares of Lowe's Companies in a research note on Monday, November 6th. They set an “overweight” rating and a $98.00 target price for the company. Finally, Barclays raised shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $96.35.

Lowe's Companies, Inc. (LOW) opened at $96.93 on Thursday. Lowe's Companies, Inc. has a 52 week low of $70.76 and a 52 week high of $108.98. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71. The company has a market cap of $79,706.80, a PE ratio of 21.30, a P/E/G ratio of 0.90 and a beta of 1.19.

Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the previous year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts predict that Lowe's Companies, Inc. will post 4.53 earnings per share for the current year.

Lowe's Companies announced that its Board of Directors has authorized a share repurchase plan on Friday, January 26th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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

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