Teacher Retirement System of Texas Has $43.72 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Teacher Retirement System of Texas lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 162.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 177,153 shares of the home improvement retailer’s stock after buying an additional 109,564 shares during the quarter. Teacher Retirement System of Texas’ holdings in Lowe’s Companies were worth $43,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth $27,000. IFS Advisors LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at about $31,000. Winch Advisory Services LLC raised its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. Finally, Financial Life Planners acquired a new position in Lowe’s Companies in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LOW. Mizuho dropped their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Bank of America lowered their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Royal Bank of Canada lowered their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $226.17 on Friday. The business’s 50 day simple moving average is $248.40 and its 200 day simple moving average is $257.85. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock has a market capitalization of $127.70 billion, a PE ratio of 18.86, a PEG ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. As a group, research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies 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.