Victory Capital Management Inc. Has $133.13 Million Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Victory Capital Management Inc. lifted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 539,424 shares of the home improvement retailer's stock after acquiring an additional 2,891 shares during the period. Victory Capital Management Inc. owned 0.10% of Lowe's Companies worth $133,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC bought a new position in shares of Lowe's Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in Lowe's Companies in the 3rd quarter worth $27,000. Winch Advisory Services LLC raised its holdings in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC acquired a new position in Lowe's Companies during the 4th quarter worth $31,000. Finally, JNBA Financial Advisors boosted its holdings in Lowe's Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Trading Down 0.3 %

NYSE LOW traded down $0.66 on Friday, hitting $242.84. 2,570,569 shares of the company were exchanged, compared to its average volume of 2,278,899. The company has a market cap of $137.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The firm has a 50 day moving average of $251.90 and a two-hundred day moving average of $259.01.

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Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LOW. Bank of America cut their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Evercore ISI boosted their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein increased their price target on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $280.83.

Lowe's Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.