Dynamic Technology Lab Private Ltd Lowers Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Dynamic Technology Lab Private Ltd decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 88.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,592 shares of the home improvement retailer's stock after selling 11,749 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Lowe's Companies were worth $392,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new stake in Lowe's Companies in the 3rd quarter valued at $205,000. Continuum Advisory LLC boosted its stake in Lowe's Companies by 69.2% during the third quarter. Continuum Advisory LLC now owns 1,389 shares of the home improvement retailer's stock valued at $376,000 after buying an additional 568 shares during the last quarter. Executive Wealth Management LLC purchased a new position in Lowe's Companies during the 3rd quarter valued at approximately $321,000. Coldstream Capital Management Inc. raised its holdings in shares of Lowe's Companies by 7.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 16,418 shares of the home improvement retailer's stock worth $4,448,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Lowe's Companies by 7.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 142,497 shares of the home improvement retailer's stock valued at $38,595,000 after acquiring an additional 9,728 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have commented on LOW shares. Truist Financial lowered 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. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Piper Sandler decreased their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $278.74.

Lowe's Companies Stock Up 1.2 %

LOW traded up $2.57 during trading on Monday, reaching $222.92. The company's stock had a trading volume of 348,513 shares, compared to its average volume of 2,455,472. The firm has a fifty day simple moving average of $236.25 and a two-hundred day simple moving average of $254.29. The company has a market cap of $124.77 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating 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 company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. As a group, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.06%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

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.