Aufman Associates Inc Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

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Aufman Associates Inc acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,722 shares of the home improvement retailer’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LOW. Parametric Portfolio Associates LLC lifted its stake in Lowe’s Companies by 2.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,375,534 shares of the home improvement retailer’s stock worth $371,174,000 after purchasing an additional 82,781 shares in the last quarter. California Public Employees Retirement System lifted its stake in Lowe’s Companies by 19.6% in the 3rd quarter. California Public Employees Retirement System now owns 1,913,710 shares of the home improvement retailer’s stock worth $210,432,000 after purchasing an additional 314,000 shares in the last quarter. Coho Partners Ltd. lifted its stake in Lowe’s Companies by 3.4% in the 4th quarter. Coho Partners Ltd. now owns 1,748,266 shares of the home improvement retailer’s stock worth $209,372,000 after purchasing an additional 57,141 shares in the last quarter. M&G Investment Management Ltd. purchased a new stake in Lowe’s Companies in the 4th quarter worth approximately $193,572,000. Finally, Russell Investments Group Ltd. lifted its stake in Lowe’s Companies by 4.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,605,397 shares of the home improvement retailer’s stock worth $192,370,000 after purchasing an additional 63,924 shares in the last quarter. 75.09% of the stock is owned by institutional investors.

Lowe’s Companies stock opened at $125.42 on Friday. The firm’s fifty day moving average price is $120.60 and its 200-day moving average price is $113.26. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04. The stock has a market cap of $96.13 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. Lowe’s Companies, Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $125.56.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.06. The firm had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Lowe’s Companies had a net margin of 4.11% and a return on equity of 146.62%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.04 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 5.7 earnings per share for the current year.

Several research firms have issued reports on LOW. Credit Suisse Group upgraded shares of Lowe’s Companies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $114.00 to $129.00 in a research note on Wednesday, November 6th. Goldman Sachs Group increased their target price on shares of Lowe’s Companies from $123.00 to $135.00 in a research note on Wednesday, November 27th. Jefferies Financial Group increased their target price on shares of Lowe’s Companies from $141.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Guggenheim increased their target price on shares of Lowe’s Companies from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $135.00 target price on shares of Lowe’s Companies in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Lowe’s Companies has an average rating of “Buy” and an average price target of $130.08.

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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