Lowe’s Companies (NYSE:LOW).
Thomaspartners, Inc. reports that it increased its stake in Lowe’s Companies shares by 3.0% in the quarter ending 09/30/2017. Its stake stood at $217,495,000 an increase of $12,751,000 according to the filing.
The following firms have recently changed their position in LOW. As of the end of the quarter Hosking Partners Llp had acquired a total of 1,376 shares growing its stake by 0.5%. The value in dollars went from $20,950,000 to $21,711,000 a change of $761,000 quarter over quarter. Marshall Wace LLP trimmed its position by shedding 336,472 shares a decrease of 49.1% from 06/30/2017 to 09/30/2017. Marshall Wace LLP now holds 349,449 shares worth $27,956,000. The total value of its holdings decreased 47.7%.
As of quarter end Raymond James & Associates had bought 667,464 shares growing its position 1,288.5%. The value of the investment in LOW increased from $26,000 to $57,498,000 increasing 221,046.2% quarter to quarter.
On November 7 Royal Bank Of Canada made no change to the stock rating of “Buy” projecting a price of $84.00. On November 6, 2017 KeyCorp released research on LOW by announcing an initial rating of “Overweight”.
November 2 investment analysts at BMO Capital Markets made no change to the company rating of “Hold” with a current price target of $82.00. On October 31 analysts at Robert W. Baird released guidance on LOW with a rating of “Buy” and establishing a price target of $87.00.
Royal Bank Of Canada updated coverage of LOW and giving a rating of “Buy” and a price target of $81.00. On October 6 Deutsche Bank AG maintained a company rating of “Buy” targeting a price of $90.00.
The company is trading down from yesterday’s close of 79.22. The most current P/E ratio is 22.21 and the market cap is 65.64B. In the latest earnings report the EPS was $3.55 with 832.81M shares currently outstanding.
Investors are a little more bearish on shares of the company if you consider the rise in short interest. The company had a rise in short interest between September 29, 2017 and October 13, 2017 of 23.52%. Short interest grew 1,849,562 over that timeframe. With short interest at 9,713,231 and short average daily volume at 4,257,997, the short-interest ratio is 2.0 and the percentage of shorted shares was 0.01% on October 13.