Generali Asset Management SPA SGR Acquires New Shares in Lowe's Companies, Inc. (NYSE:LOW)

Generali Asset Management SPA SGR bought a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,119 shares of the home improvement retailer's stock, valued at approximately $8,914,000.

Other large investors have also recently added to or reduced their stakes in the company. StoneX Group Inc. purchased a new position in shares of Lowe's Companies in the 3rd quarter worth about $2,713,000. Principal Financial Group Inc. grew its stake in Lowe's Companies by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after purchasing an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in Lowe's Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock worth $4,696,000 after buying an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Lowe's Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after buying an additional 4,435 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Lowe's Companies by 2.6% during the 4th 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 during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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Lowe's Companies Stock Up 0.4 %

NYSE:LOW traded up $0.83 during trading hours on Friday, hitting $227.09. 6,352,712 shares of the stock were exchanged, compared to its average volume of 2,279,930. The company's 50 day moving average is $247.99 and its two-hundred day moving average is $257.70. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market capitalization of $128.23 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 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%. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.03%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LOW shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a report on Wednesday, February 26th. Piper Sandler cut their price target on Lowe's Companies from $307.00 to $296.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Sanford C. Bernstein raised their price target on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Bank of America cut their price target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Wedbush reissued a "neutral" rating and issued a $250.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $280.83.

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.