Financial Counselors Inc. Acquires 143 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Financial Counselors Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,520 shares of the home improvement retailer’s stock after buying an additional 143 shares during the period. Financial Counselors Inc.’s holdings in Lowe’s Companies were worth $9,669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LOW. Modera Wealth Management LLC increased its stake in Lowe’s Companies by 1,987.7% in the second quarter. Modera Wealth Management LLC now owns 318,848 shares of the home improvement retailer’s stock valued at $71,964,000 after purchasing an additional 303,575 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Lowe’s Companies by 33.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock valued at $695,000 after buying an additional 843 shares during the period. Nwam LLC boosted its holdings in shares of Lowe’s Companies by 115.6% in the second quarter. Nwam LLC now owns 6,475 shares of the home improvement retailer’s stock valued at $1,462,000 after buying an additional 3,472 shares during the period. Ellenbecker Investment Group boosted its holdings in shares of Lowe’s Companies by 5.1% in the second quarter. Ellenbecker Investment Group now owns 1,790 shares of the home improvement retailer’s stock valued at $404,000 after buying an additional 87 shares during the period. Finally, GHE LLC boosted its holdings in shares of Lowe’s Companies by 0.5% in the second quarter. GHE LLC now owns 24,122 shares of the home improvement retailer’s stock valued at $5,444,000 after buying an additional 115 shares during the period. 71.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on LOW. Barclays increased their target price on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Oppenheimer downgraded shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $215.00 price objective (down from $225.00) on shares of Lowe’s Companies in a research note on Tuesday, November 21st. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Evercore ISI raised their price target on shares of Lowe’s Companies from $205.00 to $210.00 and gave the company an “in-line” rating in a research note on Wednesday, November 22nd. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $240.04.

Read Our Latest Research Report on Lowe’s Companies

Lowe’s Companies Price Performance

Shares of LOW opened at $214.54 on Wednesday. The firm has a market cap of $123.38 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.51 and a beta of 1.10. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $237.21. The stock has a 50 day simple moving average of $214.25 and a two-hundred day simple moving average of $213.50.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.03 by $0.03. The firm had revenue of $20.74 billion during the quarter, compared to analyst estimates of $20.87 billion. Lowe’s Companies had a negative return on equity of 54.56% and a net margin of 8.49%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.27 earnings per share. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 13.02 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s payout ratio is 33.92%.

About Lowe’s Companies

(Free Report)

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, d├ęcor, and electrical.

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

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