Mainstay Capital Management LLC ADV Has $1.61 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Mainstay Capital Management LLC ADV grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,667 shares of the home improvement retailer’s stock after buying an additional 880 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Lowe’s Companies were worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LOW. Nuveen Asset Management LLC increased its stake in shares of Lowe’s Companies by 6,680.1% in the second quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock valued at $636,989,000 after buying an additional 6,219,346 shares during the period. Viking Global Investors LP acquired a new stake in shares of Lowe’s Companies in the second quarter valued at about $139,358,000. Prudential PLC increased its stake in shares of Lowe’s Companies by 456.1% in the second quarter. Prudential PLC now owns 1,222,183 shares of the home improvement retailer’s stock valued at $123,440,000 after buying an additional 1,002,390 shares during the period. Eaton Vance Management increased its stake in shares of Lowe’s Companies by 49.9% in the second quarter. Eaton Vance Management now owns 2,366,912 shares of the home improvement retailer’s stock valued at $238,844,000 after buying an additional 788,392 shares during the period. Finally, Nomura Holdings Inc. grew its stake in Lowe’s Companies by 3,951.6% during the second quarter. Nomura Holdings Inc. now owns 658,582 shares of the home improvement retailer’s stock worth $67,380,000 after purchasing an additional 642,327 shares during the period. 76.31% of the stock is owned by institutional investors.

Several equities research analysts recently commented on the company. Robert W. Baird set a $127.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Citigroup raised their target price on Lowe’s Companies from $122.00 to $137.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research note on Monday, September 30th. Wedbush raised Lowe’s Companies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $115.00 to $135.00 in a research note on Monday, September 16th. Finally, Goldman Sachs Group assumed coverage on Lowe’s Companies in a research note on Thursday, July 11th. They set a “buy” rating and a $119.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $120.96.

In related news, EVP Jennifer L. Weber sold 12,589 shares of Lowe’s Companies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares in the company, valued at $1,964,092.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew V. Hollifield sold 12,136 shares of Lowe’s Companies stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total value of $1,363,358.24. Following the sale, the chief accounting officer now owns 28,017 shares in the company, valued at $3,147,429.78. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

Shares of LOW stock traded down $0.06 during trading hours on Thursday, reaching $112.27. The company had a trading volume of 938,041 shares, compared to its average volume of 3,849,825. Lowe’s Companies, Inc. has a 12 month low of $84.75 and a 12 month high of $118.23. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19. The business has a fifty day simple moving average of $111.00 and a 200-day simple moving average of $105.90. The company has a market cap of $85.41 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The company had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter last year, the company earned $2.07 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.96%. Lowe’s Companies’s dividend payout ratio is presently 42.80%.

About Lowe’s Companies

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.

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

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