Skba Capital Management LLC Sells 1,250 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Skba Capital Management LLC reduced its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,530 shares of the home improvement retailer's stock after selling 1,250 shares during the quarter. Skba Capital Management LLC's holdings in Lowe's Companies were worth $6,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies during the third quarter worth about $27,000. IFS Advisors LLC bought a new stake in Lowe's Companies in the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in Lowe's Companies during the 4th quarter worth approximately $31,000. Winch Advisory Services LLC grew its stake in shares of Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at approximately $33,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research note on Wednesday, February 26th. Piper Sandler lowered their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. Finally, Evercore ISI boosted their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $279.71.

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Lowe's Companies Stock Up 0.2 %

Shares of Lowe's Companies stock traded up $0.49 on Tuesday, hitting $233.72. The stock had a trading volume of 2,212,750 shares, compared to its average volume of 2,421,822. The stock has a market cap of $130.82 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The business's 50 day moving average is $244.40 and its two-hundred day moving average is $257.09. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $18.29 billion. As a group, equities analysts predict 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. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) 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.