Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 178,527 shares of the home improvement retailer’s stock after selling 17,502 shares during the quarter. National Bank of Canada FI’s holdings in Lowe’s Companies were worth $39,056,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FourThought Financial Partners LLC raised its holdings in Lowe’s Companies by 0.4% in the fourth quarter. FourThought Financial Partners LLC now owns 58,312 shares of the home improvement retailer’s stock valued at $12,977,000 after buying an additional 242 shares during the period. TCG Advisory Services LLC lifted its holdings in shares of Lowe’s Companies by 7.3% during the 4th quarter. TCG Advisory Services LLC now owns 1,697 shares of the home improvement retailer’s stock valued at $378,000 after acquiring an additional 115 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Lowe’s Companies by 8.4% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 13,661 shares of the home improvement retailer’s stock valued at $3,040,000 after acquiring an additional 1,054 shares in the last quarter. Todd Asset Management LLC boosted its position in Lowe’s Companies by 4.4% during the 4th quarter. Todd Asset Management LLC now owns 97,307 shares of the home improvement retailer’s stock worth $21,656,000 after purchasing an additional 4,142 shares during the period. Finally, AJOVista LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at $190,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $0.04 on Monday, reaching $232.09. The stock had a trading volume of 804,751 shares, compared to its average volume of 2,448,944. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The business’s 50-day moving average price is $240.07 and its two-hundred day moving average price is $221.10. The stock has a market cap of $132.80 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.28 earnings per share. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

Analyst Ratings Changes

LOW has been the topic of several analyst reports. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, February 14th. UBS Group upped their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Stifel Nicolaus dropped their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Mizuho initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, March 19th. They issued a “buy” rating and a $280.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Hold” and an average target price of $252.52.

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.