Janney Montgomery Scott LLC Has $13.19 Million Stake in Lowe’s Companies, Inc. (LOW)

Janney Montgomery Scott LLC Has $13.19 Million Stake in Lowe’s Companies, Inc. (LOW)

Janney Montgomery Scott LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 9.7% in the 1st quarter, Holdings Channel reports. The firm owned 120,522 shares of the home improvement retailer’s stock after purchasing an additional 10,656 shares during the period. Janney Montgomery Scott LLC’s holdings in Lowe’s Companies were worth $13,194,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Dupont Capital Management Corp increased its holdings in Lowe’s Companies by 156.5% during the first quarter. Dupont Capital Management Corp now owns 28,722 shares of the home improvement retailer’s stock worth $3,144,000 after buying an additional 17,525 shares during the last quarter. UMB Bank N A MO increased its holdings in Lowe’s Companies by 5.7% during the first quarter. UMB Bank N A MO now owns 30,254 shares of the home improvement retailer’s stock worth $3,312,000 after buying an additional 1,629 shares during the last quarter. Wheatland Advisors Inc. purchased a new stake in Lowe’s Companies during the first quarter worth about $1,546,000. SeaBridge Investment Advisors LLC increased its holdings in Lowe’s Companies by 3.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 43,470 shares of the home improvement retailer’s stock worth $4,759,000 after buying an additional 1,427 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC increased its holdings in Lowe’s Companies by 29.2% during the first quarter. Osborn Williams & Donohoe LLC now owns 47,604 shares of the home improvement retailer’s stock worth $5,481,000 after buying an additional 10,762 shares during the last quarter. Institutional investors own 76.20% of the company’s stock.

Shares of NYSE:LOW opened at $106.29 on Friday. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. The stock has a market cap of $89.43 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.31 and a beta of 1.26. Lowe’s Companies, Inc. has a twelve month low of $84.09 and a twelve month high of $118.23.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The company had revenue of $15.65 billion during the quarter, compared to analyst estimates of $15.75 billion. During the same period last year, the business earned $0.74 earnings per share. Lowe’s Companies’s revenue was up 1.0% compared to the same quarter last year. Analysts predict that Lowe’s Companies, Inc. will post 6.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.81%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.35%.

A number of research firms recently issued reports on LOW. Morgan Stanley raised their price objective on shares of Lowe’s Companies from $115.00 to $123.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Loop Capital raised their price objective on shares of Lowe’s Companies from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Wednesday, February 27th. Robert W. Baird raised their price objective on shares of Lowe’s Companies from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. ValuEngine downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Wedbush raised their price objective on shares of Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. Lowe’s Companies currently has an average rating of “Buy” and a consensus price target of $114.52.

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 lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

Featured Article: Quiet Period Expirations

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

Related posts

Leave a Comment