2,500 Shares in Lowe's Companies, Inc. (NYSE:LOW) Purchased by Enhancing Capital LLC

Enhancing Capital LLC bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,500 shares of the home improvement retailer's stock, valued at approximately $617,000.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in Lowe's Companies in the third quarter valued at $27,000. IFS Advisors LLC bought a new stake in Lowe's Companies in the fourth quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies in the fourth quarter valued at $31,000. Winch Advisory Services LLC grew its position in Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 44 shares during the period. Finally, Financial Life Planners bought a new stake in Lowe's Companies in the fourth quarter valued at $45,000. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Trading Up 0.4 %

Shares of NYSE LOW traded up $0.83 during mid-day trading on Friday, reaching $227.09. 6,352,712 shares of the company's stock were exchanged, compared to its average volume of 2,279,930. The firm has a market capitalization of $128.23 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12. The business has a fifty day simple moving average of $247.99 and a 200 day simple moving average of $257.70. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

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Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.03%. Lowe's Companies's dividend payout ratio is currently 37.67%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Wedbush restated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. StockNews.com cut Lowe's Companies from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a report on Wednesday, February 26th. Finally, Truist Financial decreased their target price on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $280.83.

Lowe's Companies 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.