Lowe's Companies (NYSE:LOW) Hits New 1-Year Low - Here's Why

Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $211.70 and last traded at $213.41, with a volume of 335310 shares changing hands. The stock had previously closed at $223.29.

Analysts Set New Price Targets

Several research firms have weighed in on LOW. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their price target on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded shares of Lowe's Companies from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. Finally, Piper Sandler dropped their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $278.74.

Lowe's Companies Stock Down 0.5 %

The stock has a market capitalization of $123.20 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The stock has a 50 day moving average price of $236.99 and a 200 day moving average price of $254.68.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is presently 37.67%.

Hedge Funds Weigh In On Lowe's Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. IFS Advisors LLC acquired a new position in Lowe's Companies during the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe's Companies during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in shares of 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 worth $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at $31,000. Finally, Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Company 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.