Bard Financial Services Inc. Acquires New Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Bard Financial Services Inc. purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 13,055 shares of the home improvement retailer’s stock, valued at approximately $2,095,000.

Other hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in shares of Lowe’s Companies by 208.0% in the 4th quarter. Tortoise Investment Management LLC now owns 154 shares of the home improvement retailer’s stock valued at $25,000 after purchasing an additional 104 shares in the last quarter. RWM Asset Management LLC bought a new position in Lowe’s Companies in the 4th quarter worth $26,000. DB Wealth Management Group LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $31,000. Chiron Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth about $33,000. Finally, Perennial Advisors LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $32,000. 76.11% of the stock is owned by institutional investors and hedge funds.

In related news, Director David H. Batchelder acquired 6,250 shares of Lowe’s Companies stock in a transaction dated Friday, February 26th. The shares were purchased at an average price of $159.48 per share, for a total transaction of $996,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.07% of the company’s stock.

NYSE LOW opened at $193.67 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $90.59 and a 12 month high of $194.97. The stock has a market cap of $138.91 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.18 and a beta of 1.37. The company’s 50 day moving average is $175.20 and its two-hundred day moving average is $167.29. The company has a current ratio of 1.38, a quick ratio of 0.57 and a debt-to-equity ratio of 5.20.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.54 billion. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. During the same quarter last year, the business earned $0.94 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 8.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 5th. Stockholders of record on Wednesday, April 21st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, April 20th. Lowe’s Companies’s payout ratio is currently 41.96%.

A number of research firms have recently weighed in on LOW. Zelman & Associates raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, February 12th. Gordon Haskett raised shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price objective on the stock in a research report on Wednesday, March 3rd. Citigroup began 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 objective on the stock. Wells Fargo & Company increased their price objective on shares of Lowe’s Companies from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Finally, Telsey Advisory Group increased their price objective on shares of Lowe’s Companies from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, December 10th. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus price target of $179.12.

Lowe’s Companies 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 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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