Sanders Morris Harris LLC Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

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Sanders Morris Harris LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.6% in the 1st quarter, Holdings Channel reports. The fund owned 5,706 shares of the home improvement retailer’s stock after acquiring an additional 200 shares during the quarter. Sanders Morris Harris LLC’s holdings in Lowe’s Companies were worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Lowe’s Companies by 10.7% during the fourth quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock worth $4,871,866,000 after acquiring an additional 2,940,777 shares during the period. Norges Bank purchased a new stake in Lowe’s Companies in the 4th quarter valued at approximately $1,285,445,000. Lazard Asset Management LLC increased its position in Lowe’s Companies by 17.8% during the 4th quarter. Lazard Asset Management LLC now owns 6,502,725 shares of the home improvement retailer’s stock worth $1,043,751,000 after purchasing an additional 982,465 shares during the period. Morgan Stanley raised its stake in shares of Lowe’s Companies by 15.6% during the 4th quarter. Morgan Stanley now owns 5,819,866 shares of the home improvement retailer’s stock worth $934,149,000 after buying an additional 783,731 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Lowe’s Companies by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,860,084 shares of the home improvement retailer’s stock valued at $459,076,000 after buying an additional 37,586 shares during the period. 76.11% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on LOW shares. Zelman & Associates reaffirmed a “hold” rating on shares of Lowe’s Companies in a report on Wednesday. Citigroup initiated coverage on shares of Lowe’s Companies in a research note on Monday, March 15th. They set a “buy” rating and a $195.00 price target on the stock. Gordon Haskett upgraded shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price objective for the company in a research note on Wednesday, March 3rd. Wells Fargo & Company boosted their price objective on shares of Lowe’s Companies from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Finally, Royal Bank of Canada increased their target price on shares of Lowe’s Companies from $203.00 to $206.00 in a report on Thursday, February 25th. Six equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $182.29.

Shares of LOW stock traded up $1.08 during mid-day trading on Wednesday, hitting $203.85. 32,789 shares of the company’s stock were exchanged, compared to its average volume of 4,058,389. The stock has a market cap of $146.20 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.18 and a beta of 1.37. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20. Lowe’s Companies, Inc. has a fifty-two week low of $91.49 and a fifty-two week high of $208.98. The stock has a 50-day simple moving average of $183.53 and a two-hundred day simple moving average of $169.88.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.54 billion. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Wednesday, April 21st will be issued a $0.60 dividend. The ex-dividend date is Tuesday, April 20th. This represents a $2.40 dividend on an annualized basis and a yield of 1.18%. Lowe’s Companies’s payout ratio is 41.96%.

In related news, Director David H. Batchelder purchased 6,250 shares of the business’s stock in a transaction on Friday, February 26th. The shares were bought at an average price of $159.48 per share, with a total value of $996,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

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 appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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