Jump Financial LLC Boosts Stake in Lowe's Companies, Inc. (NYSE:LOW)

Jump Financial LLC grew its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 54.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,560 shares of the home improvement retailer's stock after acquiring an additional 3,032 shares during the period. Jump Financial LLC's holdings in Lowe's Companies were worth $2,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Klingenstein Fields & Co. LP increased its holdings in shares of Lowe's Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after purchasing an additional 39 shares during the last quarter. Powers Advisory Group LLC increased its holdings in shares of Lowe's Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after buying an additional 40 shares during the last quarter. Saxony Capital Management LLC raised its position in shares of Lowe's Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after buying an additional 40 shares in the last quarter. Cordatus Wealth Management LLC grew its position in Lowe's Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after acquiring an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc raised its position in Lowe's Companies by 1.5% during the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after purchasing an additional 42 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

NYSE LOW traded up $5.92 on Tuesday, hitting $218.69. The company had a trading volume of 378,887 shares, compared to its average volume of 2,464,347. The company has a market capitalization of $122.40 billion, a PE ratio of 18.23, 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 company's fifty day moving average price is $231.84 and its 200-day moving average price is $252.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. The business 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, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.10%. Lowe's Companies's payout ratio is 37.67%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. 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 research note on Tuesday, April 8th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Mizuho decreased their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, DA Davidson reiterated a "neutral" rating and set a $270.00 price objective on shares of Lowe's Companies in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $278.74.

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.