Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,589 shares of the home improvement retailer’s stock after selling 91 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Lowe’s Companies were worth $354,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ontario Teachers Pension Plan Board lifted its holdings in Lowe’s Companies by 187,225.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares during the period. International Assets Investment Management LLC purchased a new stake in Lowe’s Companies in the fourth quarter valued at approximately $430,090,000. Schroder Investment Management Group increased its holdings in shares of Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after buying an additional 1,831,727 shares during the last quarter. Aristotle Capital Management LLC raised its holdings in shares of Lowe’s Companies by 143.8% in the 3rd quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock worth $283,019,000 after purchasing an additional 803,216 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Lowe’s Companies during the third quarter valued at approximately $144,530,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock traded down $0.60 during trading hours on Monday, reaching $231.53. The company had a trading volume of 1,138,467 shares, compared to its average volume of 2,452,114. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The firm has a market cap of $132.48 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.72 and a beta of 1.15. The company has a 50 day moving average of $240.07 and a 200 day moving average of $221.10.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. Lowe’s Companies’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LOW shares. Wedbush increased their target price on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company boosted their target price on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. UBS Group raised their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.