Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,154 shares of the home improvement retailer's stock after selling 25,596 shares during the quarter. Guggenheim Capital LLC's holdings in Lowe's Companies were worth $27,680,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Invst LLC purchased a new stake in Lowe's Companies during the 3rd quarter valued at $255,000. Virtu Financial LLC increased its position in Lowe's Companies by 66.1% during the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock valued at $1,483,000 after acquiring an additional 2,178 shares during the last quarter. Tudor Financial Inc. purchased a new stake in shares of Lowe's Companies in the third quarter valued at $1,877,000. Anchor Investment Management LLC lifted its holdings in shares of Lowe's Companies by 2.6% in the 3rd quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock worth $12,334,000 after acquiring an additional 1,161 shares during the last quarter. Finally, World Investment Advisors LLC boosted its stake in shares of Lowe's Companies by 7.6% during the 3rd quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock worth $6,423,000 after purchasing an additional 1,670 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 2.1 %

Shares of NYSE LOW traded up $4.60 during trading hours on Friday, hitting $219.01. 2,166,819 shares of the stock were exchanged, compared to its average volume of 2,469,826. The company has a market cap of $122.58 billion, a PE ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01. The firm has a fifty day moving average price of $232.59 and a 200-day moving average price of $252.76.

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, 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 firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

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 given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is currently 37.67%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. Truist Financial reduced their price target on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada cut their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. 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, DA Davidson reissued a "neutral" rating and issued a $270.00 price objective on shares of Lowe's Companies in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $278.74.

About Lowe's Companies

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.