Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Vectors Research Management LLC

Vectors Research Management LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 20.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,099 shares of the home improvement retailer’s stock after purchasing an additional 2,229 shares during the period. Vectors Research Management LLC’s holdings in Lowe’s Companies were worth $2,288,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LOW. IFM Investors Pty Ltd boosted its stake in Lowe’s Companies by 15.3% during the 1st quarter. IFM Investors Pty Ltd now owns 106,624 shares of the home improvement retailer’s stock worth $21,558,000 after purchasing an additional 14,118 shares during the period. Axiom Financial Strategies LLC boosted its stake in Lowe’s Companies by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock worth $275,000 after purchasing an additional 123 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Lowe’s Companies by 12.7% in the 1st quarter. Victory Capital Management Inc. now owns 608,006 shares of the home improvement retailer’s stock worth $120,221,000 after acquiring an additional 68,298 shares during the period. Adviser Investments LLC lifted its stake in shares of Lowe’s Companies by 8.0% in the 1st quarter. Adviser Investments LLC now owns 7,116 shares of the home improvement retailer’s stock worth $1,439,000 after acquiring an additional 526 shares during the period. Finally, Dearborn Partners LLC lifted its stake in shares of Lowe’s Companies by 23.4% in the 1st quarter. Dearborn Partners LLC now owns 8,415 shares of the home improvement retailer’s stock worth $1,701,000 after acquiring an additional 1,593 shares during the period. Institutional investors and hedge funds own 74.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LOW. Jefferies Financial Group raised their target price on shares of Lowe’s Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. Exane BNP Paribas cut shares of Lowe’s Companies from a “neutral” rating to an “underperform” rating and set a $159.00 target price for the company. in a research note on Wednesday, October 19th. Citigroup reduced their target price on shares of Lowe’s Companies from $217.00 to $215.00 in a research note on Monday, October 31st. JPMorgan Chase & Co. reduced their target price on shares of Lowe’s Companies from $235.00 to $205.00 in a research note on Friday, November 11th. Finally, Truist Financial raised their target price on shares of Lowe’s Companies from $237.00 to $263.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $231.35.

Lowe’s Companies Stock Performance

NYSE:LOW traded down $3.45 during mid-day trading on Thursday, hitting $211.02. 2,593,950 shares of the company’s stock traded hands, compared to its average volume of 3,762,648. The firm’s 50 day simple moving average is $194.55 and its 200 day simple moving average is $192.73. Lowe’s Companies, Inc. has a 1 year low of $170.12 and a 1 year high of $263.31. The company has a market cap of $130.98 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.18 and a beta of 1.15.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its quarterly earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.18. The business had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $23.16 billion. Lowe’s Companies had a net margin of 6.97% and a negative return on equity of 103.72%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.73 earnings per share. On average, research analysts expect that Lowe’s Companies, Inc. will post 13.77 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, January 24th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.99%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 41.14%.

About Lowe’s Companies

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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