Edmond DE Rothschild Holding S.A. lowered its stake in Lowe’s Corporations, Inc. (NYSE:LOW – Get Rating) by 62.0% through the second quarter, based on the corporate in its most up-to-date Kind 13F submitting with the SEC. The fund owned 3,916 shares of the house enchancment retailer’s inventory after promoting 6,392 shares through the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Lowe’s Corporations have been value $684,000 as of its most up-to-date SEC submitting.
A number of different institutional traders and hedge funds have additionally purchased and bought shares of the inventory. Wellington Administration Group LLP elevated its place in shares of Lowe’s Corporations by 3.2% through the 1st quarter. Wellington Administration Group LLP now owns 6,675,859 shares of the house enchancment retailer’s inventory value $1,349,793,000 after buying a further 205,858 shares over the last quarter. Invesco Ltd. raised its place in Lowe’s Corporations by 13.0% through the first quarter. Invesco Ltd. now owns 5,809,836 shares of the house enchancment retailer’s inventory value $1,174,691,000 after buying a further 666,437 shares within the final quarter. Egerton Capital UK LLP lifted its stake in Lowe’s Corporations by 56.2% within the first quarter. Egerton Capital UK LLP now owns 3,610,961 shares of the house enchancment retailer’s inventory valued at $730,100,000 after buying a further 1,299,622 shares over the last quarter. Magellan Asset Administration Ltd grew its place in shares of Lowe’s Corporations by 5.9% within the 2nd quarter. Magellan Asset Administration Ltd now owns 3,360,638 shares of the house enchancment retailer’s inventory valued at $587,003,000 after buying a further 185,773 shares through the interval. Lastly, Swiss Nationwide Financial institution elevated its stake in shares of Lowe’s Corporations by 10.9% through the 1st quarter. Swiss Nationwide Financial institution now owns 2,918,239 shares of the house enchancment retailer’s inventory value $590,039,000 after buying a further 286,400 shares over the last quarter. Institutional traders personal 74.04% of the corporate’s inventory.
Lowe’s Corporations Inventory Down 0.0 %
Shares of Lowe’s Companies stock opened at $210.97 on Friday. The agency’s 50-day shifting common worth is $195.33 and its two-hundred day shifting common worth is $192.97. The corporate has a market capitalization of $130.95 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.16 and a beta of 1.15. Lowe’s Corporations, Inc. has a 12-month low of $170.12 and a 12-month excessive of $263.31.
Lowe’s Corporations (NYSE:LOW – Get Rating) final introduced its quarterly earnings information on Wednesday, November sixteenth. The house enchancment retailer reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.18. The enterprise had income of $23.48 billion for the quarter, in comparison with analysts’ expectations of $23.16 billion. Lowe’s Corporations had a internet margin of 6.97% and a detrimental return on fairness of 103.72%. The agency’s quarterly income was up 2.4% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency posted $2.73 earnings per share. On common, sell-side analysts count on that Lowe’s Corporations, Inc. will put up 13.77 earnings per share for the present yr.
Lowe’s Corporations Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which will likely be paid on Wednesday, February eighth. Shareholders of report on Wednesday, January twenty fifth will likely be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, January twenty fourth. Lowe’s Corporations’s payout ratio is 41.14%.
Analyst Upgrades and Downgrades
LOW has been the topic of a number of current analyst stories. UBS Group raised their goal worth on shares of Lowe’s Corporations from $240.00 to $250.00 and gave the corporate a “purchase” score in a analysis observe on Thursday, August 18th. Citigroup decreased their goal worth on Lowe’s Corporations from $217.00 to $215.00 in a analysis observe on Monday, October thirty first. Exane BNP Paribas lowered Lowe’s Corporations from a “impartial” score to an “underperform” score and set a $159.00 goal worth on the inventory. in a report on Wednesday, October nineteenth. TheStreet raised Lowe’s Corporations from a “c+” score to a “b” score in a report on Monday, August twenty ninth. Lastly, Evercore ISI upped their worth goal on shares of Lowe’s Corporations from $240.00 to $250.00 and gave the corporate an “outperform” score in a report on Thursday, August 18th. Two funding analysts have rated the inventory with a promote score, six have assigned a maintain score and sixteen have given a purchase score to the corporate. Based mostly on information from MarketBeat, the corporate has a consensus score of “Reasonable Purchase” and a consensus worth goal of $231.35.
Lowe’s Corporations Profile
Lowe’s Corporations, Inc, along with its subsidiaries, operates as a house enchancment retailer in the US and internationally. The corporate gives a line of merchandise for building, upkeep, restore, reworking, and adorning. It offers dwelling enchancment merchandise, corresponding to home equipment, seasonal and out of doors dwelling, garden and backyard, lumber, kitchens and tub, instruments, paint, millwork, {hardware}, flooring, tough plumbing, constructing supplies, décor, lighting, and electrical.
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