Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 142,684 shares of the home improvement retailer’s stock after selling 10,638 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Lowe’s Companies were worth $35,214,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. IFS Advisors LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth about $31,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $33,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $219.01 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The business has a 50-day moving average of $232.59 and a 200-day moving average of $252.76. The company has a market capitalization of $122.58 billion, a PE ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share 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. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.67%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LOW. Royal Bank of Canada cut their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. Truist Financial cut their price target on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Bank of America lowered their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $278.74.

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.