Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW) by 11.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 112,604 shares of the home improvement retailer’s stock after buying an additional 11,730 shares during the quarter. Lowe's Companies accounts for 1.5% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings, making the stock its 26th largest position. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Lowe's Companies were worth $10,465,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Atlantic Trust LLC purchased a new position in Lowe's Companies during the 2nd quarter worth approximately $105,000. Stonehearth Capital Management LLC purchased a new position in Lowe's Companies during the 4th quarter worth approximately $112,000. Cerebellum GP LLC purchased a new position in Lowe's Companies during the 4th quarter worth approximately $129,000. Motco grew its position in Lowe's Companies by 33.4% during the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock worth $134,000 after purchasing an additional 432 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new position in Lowe's Companies during the 3rd quarter worth approximately $134,000. Hedge funds and other institutional investors own 72.54% of the company’s stock.

Shares of Lowe's Companies, Inc. (NYSE LOW) opened at $97.17 on Friday. 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, Inc. has a 52 week low of $70.76 and a 52 week high of $108.98. The stock has a market cap of $80,627.88, a price-to-earnings ratio of 21.55, a P/E/G ratio of 0.91 and a beta of 1.19.

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 (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The business had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the previous year, the business earned $0.88 EPS. Lowe's Companies’s quarterly revenue was up 6.6% compared to the same quarter last year. research analysts forecast that Lowe's Companies, Inc. will post 4.53 earnings per share for the current year.

Lowe's Companies announced that its board has initiated a stock repurchase plan on Friday, January 26th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

In related news, insider Nelson B. Peace sold 3,352 shares of Lowe's Companies stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the sale, the insider now owns 4,650 shares of the company’s stock, valued at approximately $372,930. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

Several research firms have weighed in on LOW. Atlantic Securities cut shares of Lowe's Companies from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a research report on Tuesday, November 28th. Credit Suisse Group set a $116.00 price objective on shares of Lowe's Companies and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Piper Jaffray Companies reiterated a “hold” rating and set a $82.00 price objective on shares of Lowe's Companies in a research report on Friday, November 24th. Stifel Nicolaus reiterated a “buy” rating and set a $103.00 price objective on shares of Lowe's Companies in a research report on Friday, December 22nd. Finally, Barclays upgraded shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Lowe's Companies presently has a consensus rating of “Buy” and a consensus target price of $96.35.

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Lowe's Companies Company Profile

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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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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