Nomura Asset Management Co. Ltd. Boosts Position in Lowe’s Companies, Inc. (NYSE:LOW)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the first quarter, HoldingsChannel.com reports. The firm owned 156,852 shares of the home improvement retailer’s stock after buying an additional 3,318 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lowe’s Companies were worth $17,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its stake in Lowe’s Companies by 0.7% during the fourth quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock worth $4,941,544,000 after buying an additional 371,008 shares during the period. FMR LLC grew its stake in Lowe’s Companies by 9.2% during the fourth quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock worth $2,206,843,000 after buying an additional 2,014,183 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Lowe’s Companies by 8,621.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock worth $191,000 after buying an additional 17,470,536 shares during the period. Lunia Capital LP grew its stake in Lowe’s Companies by 18,944.2% during the fourth quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock worth $15,741,000 after buying an additional 15,658,352 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Lowe’s Companies by 1.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,171,980 shares of the home improvement retailer’s stock worth $1,308,924,000 after buying an additional 182,823 shares during the period. Institutional investors and hedge funds own 76.85% of the company’s stock.

Several research analysts have recently weighed in on the stock. Wells Fargo & Co upped their target price on shares of Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. Zacks Investment Research downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Evercore ISI assumed coverage on shares of Lowe’s Companies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $120.00 target price for the company. Morgan Stanley upped their target price on shares of Lowe’s Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus target price of $113.48.



In other Lowe’s Companies news, insider Marvin R. Ellison bought 10,000 shares of the company’s stock in a transaction on Friday, May 24th. The shares were bought at an average cost of $95.05 per share, with a total value of $950,500.00. Following the completion of the acquisition, the insider now owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

LOW traded up $0.17 during trading on Wednesday, hitting $96.52. The company had a trading volume of 57,431 shares, compared to its average volume of 4,876,851. The stock has a market capitalization of $75.85 billion, a PE ratio of 18.86, a P/E/G ratio of 1.23 and a beta of 1.37. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24. Lowe’s Companies, Inc. has a 1-year low of $84.75 and a 1-year high of $118.23.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.11). The company had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.28%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, July 23rd. Lowe’s Companies’s dividend payout ratio is 37.35%.

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Lowe’s Companies Company Profile

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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