Lowe's Companies, Inc. (NYSE:LOW) Stake Raised by Candriam S.C.A.

Candriam S.C.A. increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 74.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,279 shares of the home improvement retailer's stock after purchasing an additional 42,076 shares during the quarter. Candriam S.C.A.'s holdings in Lowe's Companies were worth $24,255,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its position in Lowe's Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after purchasing an additional 2,399,897 shares in the last quarter. State Street Corp increased its position in Lowe's Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after purchasing an additional 460,851 shares in the last quarter. Geode Capital Management LLC increased its position in Lowe's Companies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer's stock worth $3,169,041,000 after purchasing an additional 187,473 shares in the last quarter. Bank of New York Mellon Corp increased its position in Lowe's Companies by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock worth $1,033,283,000 after purchasing an additional 385,994 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Lowe's Companies by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,459,064 shares of the home improvement retailer's stock worth $853,697,000 after purchasing an additional 90,012 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

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Analyst Ratings Changes

Several analysts have issued reports on the stock. Wedbush reaffirmed a "neutral" rating and issued a $250.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Truist Financial decreased their price target on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Bank of America decreased their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Sanford C. Bernstein raised their price target on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, DA Davidson raised their price target on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $280.83.

Lowe's Companies Price Performance

Shares of LOW traded down $0.66 during trading hours on Friday, reaching $242.84. 2,570,569 shares of the company's stock traded hands, compared to its average volume of 2,282,015. The firm has a market capitalization of $137.12 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The business's fifty day simple moving average is $251.90 and its two-hundred day simple moving average is $259.25.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating 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%. On average, equities research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

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.