Lowe’s Companies, Inc. (NYSE:LOW) Holdings Cut by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,280 shares of the home improvement retailer’s stock after selling 1,866 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Lowe’s Companies were worth $17,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in LOW. Morgan Stanley boosted its holdings in shares of Lowe’s Companies by 1.1% during the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after acquiring an additional 116,855 shares during the period. Northern Trust Corp boosted its stake in Lowe’s Companies by 1.1% during the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after purchasing an additional 78,901 shares during the period. Schroder Investment Management Group grew its position in Lowe’s Companies by 189.5% in the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after purchasing an additional 1,831,727 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of Lowe’s Companies by 187,225.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after purchasing an additional 2,110,032 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $430,090,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Robert W. Baird upgraded shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research note on Wednesday, February 14th. Piper Sandler increased their target price 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. Royal Bank of Canada raised their target price on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Finally, 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. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Performance

Shares of LOW stock traded up $1.07 during trading on Monday, hitting $230.94. 1,527,274 shares of the company were exchanged, compared to its average volume of 2,495,312. The firm has a market capitalization of $132.14 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. The business’s 50-day simple moving average is $239.98 and its 200 day simple moving average is $219.94. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

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

Lowe’s Companies Announces Dividend

The firm also recently announced 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. This represents a $4.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 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.