Boothbay Fund Management LLC Buys 9,117 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Boothbay Fund Management LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 42.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,365 shares of the home improvement retailer's stock after purchasing an additional 9,117 shares during the period. Boothbay Fund Management LLC's holdings in Lowe's Companies were worth $7,494,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. IFS Advisors LLC bought a new stake in Lowe's Companies in the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its holdings in Lowe's Companies by 56.4% during 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. Marshall Investment Management LLC bought a new stake in Lowe's Companies during the fourth quarter valued at about $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies during the fourth quarter valued at about $33,000. Finally, Millstone Evans Group LLC bought a new stake in Lowe's Companies during the fourth quarter valued at about $44,000. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded up $0.22 during mid-day trading on Monday, hitting $221.13. 2,046,652 shares of the stock were exchanged, compared to its average volume of 2,475,831. The company has a market cap of $123.77 billion, a P/E ratio of 18.44, a PEG ratio of 1.96 and a beta of 1.07. The stock's fifty day simple moving average is $228.78 and its two-hundred day simple moving average is $250.25. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.08%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LOW shares. Royal Bank of Canada decreased their price target on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target for the company in a report on Friday. Piper Sandler decreased their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. DA Davidson restated a "neutral" rating and set a $270.00 price target on shares of Lowe's Companies in a report on Wednesday, April 16th. Finally, Truist Financial cut their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $278.21.

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.