American Century Companies Inc. Buys 42,815 Shares of Lowe's Companies, Inc. (NYSE:LOW)

American Century Companies Inc. grew its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,351,674 shares of the home improvement retailer's stock after purchasing an additional 42,815 shares during the quarter. American Century Companies Inc. owned approximately 0.24% of Lowe's Companies worth $333,593,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in Lowe's Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Lowe's Companies in the fourth quarter worth about $314,435,000. Strategic Financial Concepts LLC increased its holdings in Lowe's Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock valued at $303,096,000 after purchasing an additional 1,223,116 shares during the period. Amundi raised its position in Lowe's Companies by 60.1% during the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock valued at $642,730,000 after purchasing an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Lowe's Companies by 42,529.8% in the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock worth $208,843,000 after buying an additional 844,217 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America reduced their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Sanford C. Bernstein upped their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Evercore ISI raised their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, February 26th. Finally, Truist Financial lowered their price objective on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $279.71.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $0.75 on Tuesday, reaching $232.14. The stock had a trading volume of 508,960 shares, compared to its average volume of 2,279,546. Lowe's Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market cap of $131.08 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company has a 50 day simple moving average of $247.67 and a 200 day simple moving average of $257.80.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $18.29 billion. On average, equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

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. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.98%. Lowe's Companies's dividend payout ratio is currently 37.67%.

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.