Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Cwm LLC

Cwm LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,735 shares of the home improvement retailer’s stock after selling 2,480 shares during the period. Cwm LLC’s holdings in Lowe’s Companies were worth $11,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LOW. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at $26,000. VisionPoint Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at $35,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Lowe’s Companies in the third quarter valued at $40,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Evercore ISI dropped their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Truist Financial upped their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, UBS Group upped their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Trading Up 0.6 %

NYSE LOW opened at $230.24 on Monday. The stock’s 50 day moving average is $239.62 and its two-hundred day moving average is $218.89. The company has a market capitalization of $131.74 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49.

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

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, April 23rd. 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.