Chatham Capital Group Inc. Acquires New Holdings in Lowe's Companies, Inc. (LOW)
Chatham Capital Group Inc. purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,972 shares of the home improvement retailer’s stock, valued at approximately $4,954,000. Lowe's Companies accounts for approximately 1.4% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 23rd biggest position.
Several other hedge funds and other institutional investors also recently modified their holdings of LOW. Vanguard Group Inc. lifted its holdings in Lowe's Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after acquiring an additional 2,650,045 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Lowe's Companies by 11.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 105,471 shares of the home improvement retailer’s stock valued at $8,177,000 after acquiring an additional 11,119 shares during the period. Blue Edge Capital LLC acquired a new stake in Lowe's Companies in the first quarter valued at $727,000. Summit Global Investments acquired a new stake in Lowe's Companies in the second quarter valued at $1,421,000. Finally, Ffcm LLC lifted its holdings in Lowe's Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after acquiring an additional 1,853 shares during the period. 73.12% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on LOW. Atlantic Securities cut Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research report on Tuesday, November 28th. Piper Jaffray Companies restated a “hold” rating and issued a $82.00 price target on shares of Lowe's Companies in a research report on Friday, November 24th. Stifel Nicolaus restated a “buy” rating and issued a $103.00 price target on shares of Lowe's Companies in a research report on Friday, December 22nd. UBS Group raised their price target on Lowe's Companies from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, Credit Suisse Group set a $88.00 price target on Lowe's Companies and gave the company a “hold” rating in a research report on Friday, November 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the stock. Lowe's Companies currently has a consensus rating of “Hold” and an average price target of $88.00.
Lowe's Companies, Inc. (LOW) opened at $92.11 on Thursday. The firm has a market capitalization of $76,430.00, a PE ratio of 22.14, a PEG ratio of 1.37 and a beta of 1.14. Lowe's Companies, Inc. has a 52 week low of $70.49 and a 52 week high of $92.40. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.
Lowe's Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. sell-side analysts anticipate that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio (DPR) is presently 39.42%.
In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.
About Lowe's Companies
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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