KCG Holdings Inc. raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 170.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,485 shares of the home improvement retailer’s stock after purchasing an additional 43,815 shares during the quarter. KCG Holdings Inc.’s holdings in Lowe’s Companies were worth $5,712,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its position in 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 period. State of Alaska Department of Revenue purchased a new stake in Lowe’s Companies in the first quarter valued at approximately $109,000. Hanson McClain Inc. raised its position in Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after purchasing an additional 45 shares during the period. First Bank & Trust raised its position in Lowe’s Companies by 11.5% in the first quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock valued at $117,000 after purchasing an additional 147 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Lowe’s Companies in the first quarter valued at approximately $119,000. 74.32% of the stock is currently owned by institutional investors.

Lowe’s Companies, Inc. (LOW) traded up 1.03% during trading on Monday, reaching $74.65. 4,817,314 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $75.61 and a 200 day moving average price of $79.53. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The stock has a market capitalization of $62.48 billion, a P/E ratio of 21.20 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.58 billion. During the same period last year, the firm earned $1.37 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts expect that Lowe’s Companies, Inc. will post $4.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, October 24th. Lowe’s Companies’s payout ratio is currently 46.20%.

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A number of analysts have issued reports on LOW shares. Jefferies Group LLC boosted their target price on Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Longbow Research reissued a “buy” rating and issued a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub raised Lowe’s Companies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $94.00 target price on shares of Lowe’s Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $84.57.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a FORTUNE 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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