Lowe’s Companies, Inc. (LOW) Stake Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 30.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,001 shares of the home improvement retailer’s stock after selling 85,734 shares during the period. Victory Capital Management Inc.’s holdings in Lowe’s Companies were worth $15,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its position in Lowe’s Companies by 1,757.3% during the 1st quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock worth $5,045,875,000 after purchasing an additional 58,073,138 shares in the last quarter. FMR LLC increased its position in Lowe’s Companies by 62.6% during the 2nd quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after purchasing an additional 3,732,153 shares in the last quarter. Janus Henderson Group PLC increased its position in Lowe’s Companies by 1,457.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,787,825 shares of the home improvement retailer’s stock worth $293,669,000 after purchasing an additional 3,544,665 shares in the last quarter. Vanguard Group Inc. increased its position in Lowe’s Companies by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock worth $5,250,843,000 after purchasing an additional 2,650,045 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Lowe’s Companies by 94.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,482,003 shares of the home improvement retailer’s stock worth $269,960,000 after purchasing an additional 1,688,392 shares in the last quarter. 73.29% of the stock is owned by institutional investors.

In other news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the sale, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction 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 sale, the insider now owns 8,400 shares of the company’s stock, valued at $655,368. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,303 shares of company stock valued at $1,047,406. 0.11% of the stock is currently owned by corporate insiders.

Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $85.60 on Friday. Lowe’s Companies, Inc. has a 12-month low of $70.49 and a 12-month high of $88.55. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.12 and a current ratio of 1.02. The firm has a market cap of $71,027.54, a price-to-earnings ratio of 18.98, a PEG ratio of 1.37 and a beta of 1.15.

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

The company also recently disclosed 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. This represents a $1.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.33%.

LOW has been the subject of a number of research analyst reports. Deutsche Bank reiterated a “buy” rating and set a $90.00 price objective (up from $85.00) on shares of Lowe’s Companies in a research report on Friday, October 6th. Longbow Research reiterated a “buy” rating and set a $95.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 14th. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Credit Suisse Group reiterated an “outperform” rating and set a $94.00 price objective on shares of Lowe’s Companies in a research report on Monday, August 21st. They noted that the move was a valuation call. Finally, Royal Bank Of Canada set a $81.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $87.40.

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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.

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

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