Chesapeake Wealth Management Purchases Shares of 5,987 Lowe’s Companies, Inc. (LOW)

Chesapeake Wealth Management purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 5,987 shares of the home improvement retailer’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clark Capital Management Group Inc. boosted its holdings in shares of Lowe’s Companies by 10.1% in the 4th quarter. Clark Capital Management Group Inc. now owns 11,156 shares of the home improvement retailer’s stock valued at $1,037,000 after buying an additional 1,019 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in shares of Lowe’s Companies by 49.7% in the 4th quarter. Meadow Creek Investment Management LLC now owns 23,584 shares of the home improvement retailer’s stock valued at $2,192,000 after buying an additional 7,832 shares during the period. Good Life Advisors LLC boosted its holdings in shares of Lowe’s Companies by 13.8% in the 4th quarter. Good Life Advisors LLC now owns 4,341 shares of the home improvement retailer’s stock valued at $407,000 after buying an additional 528 shares during the period. Granite Springs Asset Management LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $1,406,000. Finally, Csenge Advisory Group acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $309,000. 73.97% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:LOW opened at $99.06 on Friday. The company has a market capitalization of $80.11 billion, a PE ratio of 22.56, a P/E/G ratio of 1.09 and a beta of 1.35. Lowe’s Companies, Inc. has a twelve month low of $70.76 and a twelve month high of $108.98. The company has a quick ratio of 0.18, a current ratio of 1.02 and a debt-to-equity ratio of 2.60.



Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). The company had revenue of $17.36 billion during the quarter, compared to analyst estimates of $17.44 billion. Lowe’s Companies had a return on equity of 66.36% and a net margin of 5.55%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. equities analysts forecast that Lowe’s Companies, Inc. will post 5.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 8th. Stockholders of record on Wednesday, July 25th will be paid a $0.48 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.41. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, July 24th. Lowe’s Companies’s dividend payout ratio is currently 37.36%.

In related news, SVP Matthew V. Hollifield sold 12,362 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $99.56, for a total value of $1,230,760.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. ValuEngine raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 24th. Royal Bank of Canada lifted their price target on shares of Lowe’s Companies to $104.00 and gave the company an “outperform” rating in a report on Thursday, May 24th. Argus boosted their target price on shares of Lowe’s Companies from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 25th. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Thursday, May 24th. Finally, Credit Suisse Group set a $111.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, May 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $100.79.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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