TCI Wealth Advisors Inc. Increases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

TCI Wealth Advisors Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 21.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,745 shares of the home improvement retailer’s stock after purchasing an additional 1,557 shares during the period. TCI Wealth Advisors Inc.’s holdings in Lowe’s Companies were worth $882,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Advisors Preferred LLC acquired a new stake in Lowe’s Companies during the 1st quarter worth about $26,000. Icon Wealth Partners LLC acquired a new stake in Lowe’s Companies during the 1st quarter worth about $26,000. Weaver Consulting Group acquired a new stake in Lowe’s Companies during the 1st quarter worth about $28,000. Prime Capital Investment Advisors LLC acquired a new stake in Lowe’s Companies during the 1st quarter worth about $33,000. Finally, Thor Advisors LLC acquired a new stake in Lowe’s Companies during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Shares of LOW stock traded down $0.37 during trading hours on Friday, reaching $99.12. The company had a trading volume of 2,439,377 shares, compared to its average volume of 4,012,287. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24. The stock has a fifty day simple moving average of $102.53. The firm has a market cap of $77.92 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.36. Lowe’s Companies, Inc. has a 12-month low of $84.75 and a 12-month high of $118.23.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $17.65 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, July 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 dividend on an annualized basis and a yield of 2.22%. Lowe’s Companies’s dividend payout ratio is currently 42.80%.

In other Lowe’s Companies news, insider Marvin R. Ellison acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were purchased at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the acquisition, the insider now owns 80,090 shares of the company’s stock, valued at approximately $7,612,554.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Donald Frieson acquired 2,030 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The stock was acquired at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the acquisition, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The disclosure for this purchase can be found here. Insiders purchased 12,280 shares of company stock worth $1,174,566 over the last quarter. 0.07% of the stock is currently owned by insiders.

A number of brokerages have commented on LOW. Bank of America set a $135.00 price target on Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, May 27th. Barclays lifted their price target on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, June 24th. Cfra reaffirmed a “hold” rating and set a $105.00 price target on shares of Lowe’s Companies in a research report on Friday, June 14th. Robert W. Baird reaffirmed an “outperform” rating and set a $127.00 price target (down previously from $133.00) on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Finally, Goldman Sachs Group began coverage on Lowe’s Companies in a research report on Thursday, July 11th. They set a “buy” rating and a $119.00 price target for the company. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $112.88.

About Lowe’s Companies

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

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Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW).

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

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