Virtu Financial LLC Has $1.73 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Virtu Financial LLC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,028 shares of the home improvement retailer's stock after buying an additional 1,554 shares during the period. Virtu Financial LLC's holdings in Lowe's Companies were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Lowe's Companies in the 3rd quarter valued at about $27,000. IFS Advisors LLC acquired a new position in Lowe's Companies during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies in the fourth quarter valued at approximately $31,000. 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. Finally, Millstone Evans Group LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at approximately $44,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI increased their price target on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Mizuho cut their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada decreased their price target on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. 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. Finally, Bank of America reduced their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $279.71.

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Lowe's Companies Stock Performance

Shares of NYSE LOW traded down $2.28 during trading hours on Tuesday, hitting $230.61. 1,778,634 shares of the stock were exchanged, compared to its average volume of 2,279,546. The company's fifty day simple moving average is $247.67 and its two-hundred day simple moving average is $257.80. The company has a market cap of $130.21 billion, a PE ratio of 19.23, a price-to-earnings-growth 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.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.99%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

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.