CVA Family Office LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,643 shares of the home improvement retailer’s stock after selling 134 shares during the period. CVA Family Office LLC’s holdings in Lowe’s Companies were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of LOW. Axiom Financial Strategies LLC raised its holdings in shares of Lowe’s Companies by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after buying an additional 123 shares during the last quarter. United Bank raised its holdings in shares of Lowe’s Companies by 6.8% in the first quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock valued at $1,968,000 after buying an additional 617 shares during the last quarter. Prudential PLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at about $1,629,000. Baird Financial Group Inc. raised its holdings in shares of Lowe’s Companies by 0.4% in the first quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock valued at $51,780,000 after buying an additional 920 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Lowe’s Companies by 74.6% in the first quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $258.50 on Monday. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The firm has a market capitalization of $148.66 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.91 and a beta of 1.13. The company has a 50 day moving average price of $230.15 and a 200 day moving average price of $215.44.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the business posted $2.28 EPS. Lowe’s Companies’s revenue was down 17.1% compared to the same quarter last year. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.70%. Lowe’s Companies’s dividend payout ratio is 33.43%.

Wall Street Analyst Weigh In

LOW has been the subject of several analyst reports. Truist Financial increased their price target on shares of Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. UBS Group increased their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Royal Bank of Canada increased their price target on shares of Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Telsey Advisory Group reissued a “market perform” rating and set a $215.00 price target on shares of Lowe’s Companies in a report on Friday, February 23rd. Finally, Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a report on Friday, February 16th. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.12.

Check Out Our Latest Research Report on Lowe’s Companies

Lowe’s Companies Company Profile

(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.

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



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