Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,279,009 shares of the home improvement retailer's stock after selling 393,186 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.23% of Lowe's Companies worth $315,659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Lowe's Companies during the 4th quarter worth about $1,842,954,000. Raymond James Financial Inc. bought a new position in Lowe's Companies during the fourth quarter valued at approximately $314,435,000. Strategic Financial Concepts LLC lifted its stake in Lowe's Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock valued at $303,096,000 after acquiring an additional 1,223,116 shares during the last quarter. Amundi grew its position in Lowe's Companies by 60.1% in the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after acquiring an additional 976,823 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Lowe's Companies by 42,529.8% during the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock worth $208,843,000 after purchasing an additional 844,217 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

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Lowe's Companies Stock Up 0.2 %

Shares of LOW traded up $0.49 during trading hours on Tuesday, reaching $233.72. 2,212,750 shares of the company traded hands, compared to its average volume of 2,421,588. The business has a fifty day moving average price of $245.01 and a 200-day moving average price of $257.24. The stock has a market capitalization of $130.82 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

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

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is presently 37.67%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, February 26th. Wedbush reiterated a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a research note on Thursday, December 12th. Stifel Nicolaus raised their price target on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Evercore ISI raised their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday, December 12th. Finally, Truist Financial reduced their target price on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $279.71.

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.