Evoke Wealth LLC Sells 1,358 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Evoke Wealth LLC decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,996 shares of the home improvement retailer's stock after selling 1,358 shares during the period. Evoke Wealth LLC's holdings in Lowe's Companies were worth $7,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Lowe's Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Lowe's Companies during the 4th quarter worth about $314,435,000. Strategic Financial Concepts LLC raised its position in shares of Lowe's Companies by 24,531.0% during the 4th 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 last quarter. Amundi grew its stake in Lowe's Companies by 60.1% during the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock valued at $642,730,000 after acquiring an additional 976,823 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in Lowe's Companies by 42,529.8% during the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer's stock valued at $208,843,000 after acquiring an additional 844,217 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

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Lowe's Companies Trading Up 0.4 %

Shares of LOW stock traded up $0.83 on Friday, reaching $227.09. The company had a trading volume of 6,352,712 shares, compared to its average volume of 2,279,930. The company has a 50-day moving average of $247.99 and a 200-day moving average of $257.70. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market cap of $128.23 billion, a PE ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping 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 business had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders 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 yield of 2.03%. Lowe's Companies's payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOW. StockNews.com cut shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Truist Financial reduced their price objective on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. 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. Royal Bank of Canada reduced their price target on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Finally, Stifel Nicolaus boosted their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $280.83.

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.