Lowe’s Companies, Inc. (NYSE:LOW) Holdings Lifted by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 107.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 447 shares of the home improvement retailer’s stock after buying an additional 232 shares during the quarter. 1832 Asset Management L.P.’s holdings in Lowe’s Companies were worth $99,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Paragon Private Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 13.5% during the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock worth $1,086,000 after purchasing an additional 581 shares during the period. ING Groep NV lifted its holdings in shares of Lowe’s Companies by 18,786.5% during the 4th quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after buying an additional 106,144 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its stake in shares of Lowe’s Companies by 0.3% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after buying an additional 541 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Lowe’s Companies by 1.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock worth $10,031,000 after buying an additional 540 shares during the last quarter. Finally, Harbour Trust & Investment Management Co bought a new position in Lowe’s Companies during the fourth quarter valued at approximately $5,890,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.7 %

LOW stock opened at $218.16 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The business’s 50 day moving average is $228.59 and its 200-day moving average is $226.61. The firm has a market cap of $124.32 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.66 and a beta of 1.08.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The business had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the firm earned $3.67 EPS. Lowe’s Companies’s quarterly revenue was down 4.4% on a year-over-year basis. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.28%. Lowe’s Companies’s dividend payout ratio is 36.95%.

Analysts Set New Price Targets

Several research analysts have recently commented on LOW shares. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. Truist Financial cut their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $246.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. The Goldman Sachs Group boosted their target price on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, Gordon Haskett reaffirmed a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, April 3rd. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $251.33.

View Our Latest Analysis on LOW

About Lowe’s Companies

(Free Report)

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.

Further Reading

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

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