DnB Asset Management AS Has $25.42 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

DnB Asset Management AS increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,983 shares of the home improvement retailer's stock after buying an additional 4,195 shares during the quarter. DnB Asset Management AS's holdings in Lowe's Companies were worth $25,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. IFS Advisors LLC acquired a new stake in Lowe's Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies during the 3rd quarter valued at about $27,000. Winch Advisory Services LLC lifted its holdings 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 valued at $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new stake in shares of Lowe's Companies in the 4th quarter valued at approximately $31,000. Finally, Caisse Des Depots ET Consignations acquired a new position in Lowe's Companies in the fourth quarter worth approximately $33,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LOW shares. Sanford C. Bernstein lifted their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Truist Financial reduced their price objective on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a report on Wednesday, February 26th. Stifel Nicolaus boosted their price target on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Finally, Piper Sandler decreased their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $279.71.

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Lowe's Companies Stock Performance

Lowe's Companies stock traded up $4.96 on Monday, reaching $233.38. The company's stock had a trading volume of 3,464,691 shares, compared to its average volume of 2,422,420. The company has a market cap of $130.62 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The business's fifty day moving average price is $245.57 and its 200 day moving average price is $257.38.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced 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. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 37.67%.

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.