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


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TrimTabs Asset Management LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,223 shares of the home improvement retailer’s stock after selling 64 shares during the quarter. Lowe’s Companies comprises about 1.0% of TrimTabs Asset Management LLC’s portfolio, making the stock its 27th biggest holding. TrimTabs Asset Management LLC’s holdings in Lowe’s Companies were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth about $1,285,445,000. FMR LLC lifted its position 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 purchasing an additional 2,940,777 shares in the last quarter. Maj Invest Holding A S lifted its position in shares of Lowe’s Companies by 106.9% during the fourth quarter. Maj Invest Holding A S now owns 1,934,106 shares of the home improvement retailer’s stock worth $310,443,000 after purchasing an additional 999,428 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Lowe’s Companies by 17.8% during the fourth 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 in the last quarter. Finally, Morgan Stanley lifted its position in shares of Lowe’s Companies by 15.6% during the fourth quarter. Morgan Stanley now owns 5,819,866 shares of the home improvement retailer’s stock worth $934,149,000 after purchasing an additional 783,731 shares in the last quarter. 76.11% of the stock is currently owned by institutional investors.

Shares of NYSE:LOW traded up $0.73 during trading on Thursday, hitting $194.40. 47,090 shares of the company were exchanged, compared to its average volume of 4,117,038. The company has a market capitalization of $139.43 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. Lowe’s Companies, Inc. has a 1-year low of $90.59 and a 1-year high of $194.97. The business’s 50 day moving average is $175.20 and its 200-day moving average is $167.29. 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 (NYSE:LOW) last issued its quarterly earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.12. The firm had revenue of $20.31 billion during 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 last year, the business posted $0.94 EPS. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 8.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Wednesday, April 21st will be given a $0.60 dividend. The ex-dividend date is Tuesday, April 20th. This represents a $2.40 annualized dividend and a yield of 1.23%. Lowe’s Companies’s payout ratio is 41.96%.

Several analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Lowe’s Companies in a research report on Monday, March 15th. They set a “buy” rating and a $195.00 price target on the stock. Telsey Advisory Group upped their target price on shares of Lowe’s Companies from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, December 10th. Jefferies Financial Group upped their target price on shares of Lowe’s Companies from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Thursday, December 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of Lowe’s Companies in a research report on Monday, March 15th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Gordon Haskett upgraded shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 target price on the stock in a research report on Wednesday, March 3rd. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Lowe’s Companies has an average rating of “Buy” and an average target price of $179.12.

In other news, Director David H. Batchelder acquired 6,250 shares of the firm’s stock in a transaction on Friday, February 26th. The stock was purchased at an average price of $159.48 per share, for a total transaction of $996,750.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.07% of the stock is currently owned by company insiders.

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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