Teacher Retirement System of Texas trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 931,635 shares of the home improvement retailer’s stock after selling 163,403 shares during the period. Teacher Retirement System of Texas owned 0.11% of Lowe's Companies worth $74,475,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC bought a new stake in Lowe's Companies during the 1st quarter valued at about $103,000. Atlantic Trust LLC bought a new stake in shares of Lowe's Companies in the second quarter worth approximately $105,000. State of Alaska Department of Revenue grew its stake in shares of Lowe's Companies by 8.3% in 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 period. Balentine LLC bought a new stake in shares of Lowe's Companies in the first quarter worth approximately $120,000. Finally, Motco grew its stake in shares of Lowe's Companies by 33.4% in the second quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock worth $134,000 after acquiring an additional 432 shares during the period. 73.12% of the stock is owned by hedge funds and other institutional investors.
In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the sale, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.
Lowe's Companies, Inc. (NYSE LOW) traded up $5.12 during trading hours on Friday, reaching $100.86. 14,246,152 shares of the company were exchanged, compared to its average volume of 6,240,000. The stock has a market capitalization of $83,690.00, a price-to-earnings ratio of 24.25, a PEG ratio of 1.44 and a beta of 1.14. Lowe's Companies, Inc. has a 52 week low of $70.76 and a 52 week high of $102.28. The company has a current ratio of 1.02, a quick ratio of 0.12 and a debt-to-equity ratio of 2.71.
Lowe's Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. The business had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. sell-side analysts predict that Lowe's Companies, Inc. will post 4.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, January 23rd. Lowe's Companies’s payout ratio is 39.42%.
A number of analysts have recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $103.00 price target on shares of Lowe's Companies in a research note on Friday, December 22nd. Jefferies Group reissued a “hold” rating and issued a $75.00 price objective on shares of Lowe's Companies in a report on Thursday, September 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $80.00 price objective on shares of Lowe's Companies in a report on Friday, September 29th. Gordon Haskett started coverage on shares of Lowe's Companies in a report on Tuesday, October 3rd. They issued an “accumulate” rating and a $88.00 price objective on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $110.00 price target on shares of Lowe's Companies in a report on Wednesday, January 3rd. 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 stock. Lowe's Companies has a consensus rating of “Hold” and an average price target of $88.62.
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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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