Tobam Buys 127 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Tobam grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 27.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 590 shares of the home improvement retailer’s stock after purchasing an additional 127 shares during the period. Tobam’s holdings in Lowe’s Companies were worth $131,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LOW. Orion Capital Management LLC purchased a new position in Lowe’s Companies during the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC lifted its position in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new position in Lowe’s Companies during the 4th quarter valued at about $35,000. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies during the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at about $42,000. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LOW. Piper Sandler lifted their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Wedbush lifted their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Barclays lifted their target price on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Finally, Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and an average target price of $252.33.

Lowe’s Companies Trading Down 0.8 %

Shares of NYSE LOW opened at $235.35 on Friday. The firm has a 50 day moving average of $238.46 and a 200 day moving average of $217.73. The firm has a market capitalization of $134.66 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 earnings per share. Sell-side analysts predict that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company 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. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.87%. Lowe’s Companies’s payout ratio is currently 33.43%.

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.