Sei Investments Co. Boosts Stake in Lowe's Companies, Inc. (NYSE:LOW)

Sei Investments Co. lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 519,327 shares of the home improvement retailer's stock after acquiring an additional 5,991 shares during the period. Sei Investments Co. owned 0.09% of Lowe's Companies worth $128,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its stake in Lowe's Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after buying an additional 2,399,897 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $314,435,000. Strategic Financial Concepts LLC raised its position in shares of Lowe's Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after purchasing an additional 1,223,116 shares during the period. Amundi raised its position in shares of Lowe's Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after purchasing an additional 976,823 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Lowe's Companies by 42,529.8% in the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock worth $208,843,000 after purchasing an additional 844,217 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

LOW has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Truist Financial decreased their target price on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Mizuho dropped their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered Lowe's Companies from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, Evercore ISI raised their target price on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday, December 12th. One investment 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, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $279.71.

Lowe's Companies Price Performance

Shares of LOW traded down $2.28 during mid-day trading on Tuesday, hitting $230.61. The stock had a trading volume of 1,778,634 shares, compared to its average volume of 2,279,546. The firm has a market cap of $130.21 billion, a P/E ratio of 19.23, a PEG ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The business has a fifty day moving average price of $247.67 and a 200-day moving average price of $257.80.

Lowe's Companies (NYSE:LOW - Get Free Report) last released 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. 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 net margin of 8.19% and a negative return on equity of 47.55%. As a group, research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.99%. Lowe's Companies's dividend payout ratio is 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.