Retirement Systems of Alabama lowered its position in Lowe's Companies, Inc. (NYSE:LOW) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 409,579 shares of the home improvement retailer’s stock after selling 6,457 shares during the period. Retirement Systems of Alabama’s holdings in Lowe's Companies were worth $32,742,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of LOW. Harbour Capital Advisors LLC acquired a new stake in Lowe's Companies during the 1st quarter valued at approximately $103,000. Atlantic Trust LLC acquired a new stake in Lowe's Companies during the 2nd quarter valued at approximately $105,000. State of Alaska Department of Revenue lifted its stake in Lowe's Companies by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock valued at $111,000 after acquiring an additional 110 shares during the period. Balentine LLC acquired a new position in shares of Lowe's Companies in the 1st quarter valued at $120,000. Finally, Motco lifted its stake in shares of Lowe's Companies by 33.4% in the 2nd quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after purchasing an additional 432 shares during the period. 73.14% of the stock is currently owned by hedge funds and other institutional investors.

In other Lowe's Companies news, insider Nelson B. Peace sold 3,352 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total value of $268,830.40. Following the completion of the sale, the insider now owns 4,650 shares of the company’s stock, valued at $372,930. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Several equities analysts recently issued reports on LOW shares. Oppenheimer set a $100.00 target price on shares of Lowe's Companies and gave the company a “buy” rating in a research note on Wednesday, August 23rd. BMO Capital Markets cut shares of Lowe's Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $89.00 to $82.00 in a research note on Wednesday, August 23rd. Royal Bank of Canada cut their price target on shares of Lowe's Companies from $85.00 to $81.00 and set an “outperform” rating for the company in a report on Thursday, August 24th. Robert W. Baird set a $87.00 price target on shares of Lowe's Companies and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Credit Suisse Group set a $83.00 price target on shares of Lowe's Companies and gave the stock a “buy” rating in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $87.66.

Lowe's Companies, Inc. (NYSE LOW) opened at $90.19 on Thursday. The company has a market cap of $73,732.52, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. Lowe's Companies, Inc. has a one year low of $70.49 and a one year high of $90.94. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. equities research analysts anticipate that Lowe's Companies, Inc. will post 4.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.82%. Lowe's Companies’s dividend payout ratio (DPR) is presently 39.33%.

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About Lowe's Companies

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.

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

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