Teachers Retirement System of The State of Kentucky reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW) by 65.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,150 shares of the home improvement retailer’s stock after selling 192,104 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Lowe's Companies were worth $8,166,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in Lowe's Companies during the first quarter worth approximately $103,000. Atlantic Trust LLC acquired a new stake in Lowe's Companies during the second quarter worth approximately $105,000. State of Alaska Department of Revenue boosted its position in Lowe's Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after acquiring an additional 110 shares during the last quarter. Motco boosted its holdings in shares of Lowe's Companies by 33.4% in the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after purchasing an additional 432 shares during the last quarter. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Lowe's Companies in the 3rd quarter valued at $134,000. 73.12% of the stock is owned by institutional investors.
In related news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by insiders.
A number of equities analysts have weighed in on the stock. Zelman & Associates downgraded shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Barclays raised shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Robert W. Baird reaffirmed a “buy” rating and set a $110.00 price target on shares of Lowe's Companies in a research note on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $103.00 price target on shares of Lowe's Companies in a research note on Friday, December 22nd. Finally, Guggenheim started coverage on shares of Lowe's Companies in a research note on Tuesday, December 12th. They set a “buy” rating and a $95.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have issued a buy rating to the company. Lowe's Companies has a consensus rating of “Hold” and an average target price of $88.62.
Lowe's Companies, Inc. (NYSE LOW) opened at $100.86 on Friday. Lowe's Companies, Inc. has a one year low of $70.76 and a one year high of $102.28. The stock has a market cap of $83,690.00, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02.
Lowe's Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The business had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts predict that Lowe's Companies, Inc. will post 4.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.63%. Lowe's Companies’s dividend payout ratio is currently 39.42%.
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Lowe's Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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