Townsquare Capital LLC Purchases 1,287 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Townsquare Capital LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,124 shares of the home improvement retailer’s stock after buying an additional 1,287 shares during the period. Townsquare Capital LLC’s holdings in Lowe’s Companies were worth $16,566,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Lowe’s Companies in the fourth quarter worth $1,842,954,000. Raymond James Financial Inc. bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $314,435,000. Strategic Financial Concepts LLC raised its stake in shares of Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after purchasing an additional 1,223,116 shares during the period. Amundi boosted its holdings in shares of Lowe’s Companies by 60.1% in the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after buying an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in Lowe’s Companies by 42,529.8% during the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock worth $208,843,000 after buying an additional 844,217 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on LOW. Truist Financial lowered their price objective on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research report on Tuesday. Piper Sandler lowered their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Finally, Bank of America dropped their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $278.74.

Lowe’s Companies Price Performance

LOW stock opened at $220.11 on Friday. The firm has a 50 day simple moving average of $236.25 and a two-hundred day simple moving average of $254.37. The stock has a market cap of $123.20 billion, a PE ratio of 18.36, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a one year low of $206.39 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.09%. Lowe’s Companies’s dividend payout ratio is 37.67%.

About Lowe’s Companies

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.