Lowe’s Companies, Inc. (NYSE:LOW) Stake Cut by Aquatic Capital Management LLC

Aquatic Capital Management LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 70.8% during the 4th quarter, HoldingsChannel reports. The fund owned 56,278 shares of the home improvement retailer’s stock after selling 136,242 shares during the period. Aquatic Capital Management LLC’s holdings in Lowe’s Companies were worth $13,889,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LOW. IFS Advisors LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter valued at about $31,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% in 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 during the last quarter. Caisse Des Depots ET Consignations bought a new stake in Lowe’s Companies during the fourth quarter worth approximately $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on LOW shares. Truist Financial cut their target price on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Mizuho decreased their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Bank of America dropped their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Tuesday, April 15th. Finally, Piper Sandler reduced their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.21.

Lowe’s Companies Trading Down 0.5 %

Shares of Lowe’s Companies stock opened at $220.95 on Friday. The firm has a market capitalization of $123.67 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The firm’s 50 day moving average is $229.29 and its 200 day moving average is $250.97. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 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 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is 37.67%.

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.