BI Asset Management Fondsmaeglerselskab A S Has $30.75 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,589 shares of the home improvement retailer’s stock after selling 2,221 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Lowe’s Companies were worth $30,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its position in Lowe’s Companies by 8.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,614 shares of the home improvement retailer’s stock worth $406,000 after buying an additional 122 shares during the period. Auxano Advisors LLC acquired a new position in shares of Lowe’s Companies during the third quarter worth $266,000. Savant Capital LLC grew its stake in shares of Lowe’s Companies by 3.4% in the third quarter. Savant Capital LLC now owns 21,363 shares of the home improvement retailer’s stock worth $5,369,000 after purchasing an additional 708 shares during the last quarter. Lokken Investment Group LLC increased its holdings in Lowe’s Companies by 1.5% in the third quarter. Lokken Investment Group LLC now owns 7,617 shares of the home improvement retailer’s stock valued at $1,914,000 after purchasing an additional 112 shares during the period. Finally, Baker Boyer National Bank increased its holdings in Lowe’s Companies by 6.7% in the third quarter. Baker Boyer National Bank now owns 1,009 shares of the home improvement retailer’s stock valued at $254,000 after purchasing an additional 63 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LOW shares. JPMorgan Chase & Co. upped their price target on Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Argus reduced their target price on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Mizuho lowered their price target on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Robert W. Baird reduced their price objective on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Oppenheimer decreased their price objective on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $284.81.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $275.79 on Thursday. The company has a 50-day moving average price of $255.88 and a 200-day moving average price of $249.04. The stock has a market capitalization of $154.70 billion, a P/E ratio of 22.87, a P/E/G ratio of 4.30 and a beta of 0.97. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $281.36.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The firm had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same period in the prior year, the business posted $2.89 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, January 21st. Lowe’s Companies’s payout ratio is currently 39.80%.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.