TCI Wealth Advisors Inc. Purchases 777 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

TCI Wealth Advisors Inc. increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 9.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,435 shares of the home improvement retailer’s stock after buying an additional 777 shares during the period. TCI Wealth Advisors Inc.’s holdings in Lowe’s Companies were worth $1,130,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Transform Wealth LLC boosted its holdings in shares of Lowe’s Companies by 18.7% during the 4th quarter. Transform Wealth LLC now owns 25,663 shares of the home improvement retailer’s stock valued at $3,073,000 after purchasing an additional 4,051 shares during the last quarter. United Capital Management of KS Inc. raised its position in shares of Lowe’s Companies by 5.6% during the 4th quarter. United Capital Management of KS Inc. now owns 14,853 shares of the home improvement retailer’s stock valued at $1,779,000 after buying an additional 785 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Lowe’s Companies by 2.7% during the 4th quarter. Fulton Bank N.A. now owns 13,582 shares of the home improvement retailer’s stock valued at $1,626,000 after buying an additional 352 shares in the last quarter. Nippon Life Global Investors Americas Inc. purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $3,793,000. Finally, Eqis Capital Management Inc. raised its position in shares of Lowe’s Companies by 96.2% during the 4th quarter. Eqis Capital Management Inc. now owns 20,845 shares of the home improvement retailer’s stock valued at $2,496,000 after buying an additional 10,222 shares in the last quarter. 74.73% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on LOW. Wells Fargo & Co restated a “buy” rating and set a $135.00 target price on shares of Lowe’s Companies in a research report on Wednesday, November 20th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Lowe’s Companies in a research report on Thursday, November 21st. Guggenheim increased their price objective on shares of Lowe’s Companies from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Monday, September 30th. Finally, Raymond James lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $129.88.

Shares of NYSE:LOW opened at $120.23 on Monday. The firm has a market cap of $92.15 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.28. The firm’s 50 day simple moving average is $119.84 and its 200-day simple moving average is $111.67. Lowe’s Companies, Inc. has a one year low of $91.60 and a one year high of $123.14. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.13 and a current ratio of 1.04.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.06. The business had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.69 billion. Lowe’s Companies had a net margin of 4.11% and a return on equity of 146.62%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. Equities research analysts predict that Lowe’s Companies, Inc. will post 5.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

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.

Featured Article: Current Ratio

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)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.