StoneX Group Inc. Buys 3,272 Shares of Lowe's Companies, Inc. (NYSE:LOW)

StoneX Group Inc. grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 32.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,290 shares of the home improvement retailer's stock after acquiring an additional 3,272 shares during the period. StoneX Group Inc.'s holdings in Lowe's Companies were worth $3,280,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. IFS Advisors LLC bought a new position in Lowe's Companies in the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies in the third quarter valued at approximately $27,000. Winch Advisory Services LLC raised its holdings in Lowe's Companies by 56.4% in 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 acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $31,000. Finally, Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LOW shares. Bank of America cut their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus upped their price target on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Wedbush reissued a "neutral" rating and issued a $250.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Finally, Piper Sandler reduced their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $280.35.

Remove Ads

Lowe's Companies Stock Performance

Lowe's Companies stock traded down $12.75 during mid-day trading on Thursday, reaching $222.53. The stock had a trading volume of 4,474,642 shares, compared to its average volume of 2,428,840. The firm has a market capitalization of $124.55 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock's 50-day simple moving average is $243.94 and its 200-day simple moving average is $256.94.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion during 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%. On average, research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently announced 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 2.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is presently 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.