TCI Wealth Advisors Inc. Buys 137 Shares of Lowe’s Companies, Inc. (LOW)

TCI Wealth Advisors Inc. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,468 shares of the home improvement retailer’s stock after purchasing an additional 137 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Lowe’s Companies were worth $346,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. SRS Capital Advisors Inc. grew its position in shares of Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after purchasing an additional 5 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Lowe’s Companies by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 3,346 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 13 shares during the last quarter. Winfield Associates Inc. grew its position in shares of Lowe’s Companies by 0.6% in the first quarter. Winfield Associates Inc. now owns 2,392 shares of the home improvement retailer’s stock valued at $196,000 after purchasing an additional 15 shares during the last quarter. Modera Wealth Management LLC grew its position in shares of Lowe’s Companies by 0.3% in the first quarter. Modera Wealth Management LLC now owns 4,927 shares of the home improvement retailer’s stock valued at $405,000 after purchasing an additional 15 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in shares of Lowe’s Companies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,844 shares of the home improvement retailer’s stock valued at $453,000 after purchasing an additional 15 shares during the last quarter. 74.36% of the stock is currently owned by institutional investors.

In related news, SVP Matthew V. Hollifield sold 7,853 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total value of $614,889.90. Following the completion of the transaction, the senior vice president now owns 30,750 shares in the company, valued at approximately $2,407,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $78.02, for a total transaction of $163,685.96. Following the completion of the transaction, the insider now owns 8,400 shares of the company’s stock, valued at approximately $655,368. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Lowe’s Companies, Inc. (LOW) opened at $77.92 on Friday. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. The company has a quick ratio of 0.19, a current ratio of 1.03 and a debt-to-equity ratio of 2.85. The stock has a market cap of $65,219.04, a P/E ratio of 17.95, a PEG ratio of 1.27 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). Lowe’s Companies had a net margin of 4.51% and a return on equity of 62.02%. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same quarter last year, the firm posted $1.37 EPS. The business’s revenue was up 6.8% on a year-over-year basis. sell-side analysts forecast that Lowe’s Companies, Inc. will post 4.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio (DPR) is currently 46.20%.

Several brokerages have recently issued reports on LOW. BMO Capital Markets reaffirmed a “hold” rating and issued a $82.00 price target on shares of Lowe’s Companies in a research report on Thursday. Zacks Investment Research raised Lowe’s Companies from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Wednesday. Robert W. Baird set a $87.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada set a $81.00 price target on Lowe’s Companies and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price target (up from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $85.21.

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

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