Teacher Retirement System of Texas Has $43.72 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Teacher Retirement System of Texas raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 162.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,153 shares of the home improvement retailer's stock after acquiring an additional 109,564 shares during the quarter. Teacher Retirement System of Texas' holdings in Lowe's Companies were worth $43,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe's Companies in the third quarter valued at approximately $27,000. Winch Advisory Services LLC lifted its position in shares of Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new position in shares of Lowe's Companies during the 4th quarter worth approximately $31,000. Finally, Financial Life Planners acquired a new position in shares of Lowe's Companies during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Down 1.0 %

Shares of LOW stock traded down $2.28 during trading hours on Tuesday, reaching $230.61. The company's stock had a trading volume of 2,476,794 shares, compared to its average volume of 2,279,546. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The firm's 50 day simple moving average is $247.67 and its 200-day simple moving average is $257.80. The company has a market capitalization of $130.21 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.96 and a beta of 1.12.

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

Lowe's Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 37.67%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler cut their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, February 26th. Guggenheim reiterated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. Evercore ISI raised their price objective 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, Stifel Nicolaus boosted their price objective on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $279.71.

Lowe's Companies 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.