Lowe's Companies, Inc. (LOW) Position Decreased by Cambria Investment Management L.P.

Cambria Investment Management L.P. cut its position in shares of Lowe's Companies, Inc. (NYSE:LOW) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,110 shares of the home improvement retailer’s stock after selling 310 shares during the period. Cambria Investment Management L.P.’s holdings in Lowe's Companies were worth $1,786,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Oakworth Capital Inc. raised its stake in Lowe's Companies by 0.5% in the third quarter. Oakworth Capital Inc. now owns 3,311 shares of the home improvement retailer’s stock valued at $239,000 after buying an additional 15 shares during the last quarter. New York Life Trust Co. raised its stake in Lowe's Companies by 1.5% in the third quarter. New York Life Trust Co. now owns 2,173 shares of the home improvement retailer’s stock valued at $157,000 after buying an additional 32 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in Lowe's Companies by 0.8% in the third quarter. TCI Wealth Advisors Inc. now owns 4,795 shares of the home improvement retailer’s stock valued at $346,000 after buying an additional 36 shares during the last quarter. Winslow Evans & Crocker Inc. raised its stake in Lowe's Companies by 1.5% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,204 shares of the home improvement retailer’s stock valued at $231,000 after buying an additional 48 shares during the last quarter. Finally, Vaughan David Investments Inc. IL raised its stake in Lowe's Companies by 0.9% in the third quarter. Vaughan David Investments Inc. IL now owns 5,830 shares of the home improvement retailer’s stock valued at $421,000 after buying an additional 54 shares during the last quarter. Institutional investors own 74.46% of the company’s stock.

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

Shares of Lowe's Companies, Inc. (NYSE:LOW) opened at 82.35 on Tuesday. The firm has a 50 day moving average price of $77.19 and a 200-day moving average price of $72.89. Lowe's Companies, Inc. has a one year low of $64.87 and a one year high of $84.00. The firm has a market cap of $71.32 billion, a P/E ratio of 23.73 and a beta of 1.28.

Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, March 1st. The home improvement retailer reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm earned $15.78 billion during the quarter, compared to analyst estimates of $15.39 billion. Lowe's Companies had a net margin of 3.91% and a return on equity of 46.46%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. Analysts forecast that Lowe's Companies, Inc. will post $4.63 earnings per share for the current year.

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Several analysts recently issued reports on the company. Credit Suisse Group AG set a $83.00 target price on Lowe's Companies and gave the stock a “buy” rating in a report on Thursday, March 2nd. Instinet upped their target price on Lowe's Companies from $75.00 to $77.00 and gave the stock a “neutral” rating in a report on Thursday, March 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 target price (up previously from $83.00) on shares of Lowe's Companies in a report on Thursday, March 2nd. Jefferies Group LLC upped their target price on Lowe's Companies from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, March 2nd. Finally, Wedbush set a $77.00 target price on Lowe's Companies and gave the stock a “hold” rating in a report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $82.52.

In other news, Chairman Robert A. Niblock sold 447,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $81.07, for a total transaction of $36,238,290.00. Following the completion of the transaction, the chairman now directly owns 479,507 shares in the company, valued at approximately $38,873,632.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Ramsay sold 30,638 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $80.84, for a total transaction of $2,476,775.92. Following the transaction, the insider now owns 10,960 shares of the company’s stock, valued at $886,006.40. The disclosure for this sale can be found here. Insiders have sold a total of 490,505 shares of company stock valued at $39,758,270 over the last 90 days. Company insiders own 0.39% of the company’s stock.

About Lowe's Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

5 Day Chart for NYSE:LOW

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