Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,142,258 shares of the home improvement retailer's stock after selling 203,455 shares during the period. California Public Employees Retirement System owned 0.20% of Lowe's Companies worth $281,909,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe's Companies during the 3rd quarter worth $27,000. IFS Advisors LLC purchased a new position in Lowe's Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in Lowe's Companies in the fourth quarter worth about $31,000. Winch Advisory Services LLC lifted its position in shares of Lowe's Companies by 56.4% during the fourth 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. Finally, Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies during the fourth quarter valued at about $33,000. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of analyst reports. StockNews.com downgraded shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research report on Thursday. Piper Sandler reduced their price target 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. Sanford C. Bernstein boosted their target price on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Bank of America decreased their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Stifel Nicolaus boosted their target price on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $280.35.

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Lowe's Companies Stock Performance

Shares of NYSE LOW traded down $11.22 during mid-day trading on Thursday, reaching $224.06. The company's stock had a trading volume of 1,563,684 shares, compared to its average volume of 2,417,554. The stock has a market capitalization of $125.41 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The stock has a 50-day moving average of $243.94 and a two-hundred day moving average of $256.94.

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, topping analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.05%. Lowe's Companies's dividend payout ratio is presently 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.