Dimensional Fund Advisors LP Sells 6,028 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Dimensional Fund Advisors LP decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,456,724 shares of the home improvement retailer's stock after selling 6,028 shares during the quarter. Dimensional Fund Advisors LP owned about 0.26% of Lowe's Companies worth $359,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after acquiring an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Lowe's Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after purchasing an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after buying an additional 4,435 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after buying an additional 501 shares in the last quarter. Finally, World Investment Advisors raised its position in Lowe's Companies by 11.0% in the 4th quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock valued at $6,498,000 after buying an additional 2,615 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Ratings Changes

LOW has been the topic of several recent analyst reports. Bank of America dropped their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. DA Davidson reaffirmed a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a research report on Wednesday, April 16th. Piper Sandler cut their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Finally, Truist Financial decreased 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 report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $278.74.

Lowe's Companies Stock Up 2.0 %

Shares of LOW stock traded up $4.35 on Thursday, reaching $222.11. The company's stock had a trading volume of 877,500 shares, compared to its average volume of 2,625,475. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock's 50 day simple moving average is $230.48 and its 200-day simple moving average is $251.65. The company has a market capitalization of $124.32 billion, a P/E ratio of 18.52, a PEG ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS 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 negative return on equity of 47.55% and a net margin of 8.19%. Research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.07%. Lowe's Companies's dividend payout ratio (DPR) is presently 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.