Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 77.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,035 shares of the home improvement retailer's stock after selling 189,292 shares during the period. Marshall Wace LLP's holdings in Lowe's Companies were worth $13,583,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LOW. IFS Advisors LLC purchased a new stake in Lowe's Companies in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its stake in 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 worth $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at about $31,000. Caisse Des Depots ET Consignations purchased a new position in Lowe's Companies during the fourth quarter worth approximately $33,000. Finally, Millstone Evans Group LLC purchased a new stake in Lowe's Companies in the 4th quarter valued at $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Trading Up 2.1 %

Shares of Lowe's Companies stock traded up $4.55 during trading on Thursday, reaching $222.31. The company's stock had a trading volume of 2,242,740 shares, compared to its average volume of 2,477,659. The firm has a market cap of $124.43 billion, a PE ratio of 18.54, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a 50-day moving average price of $230.48 and a two-hundred day moving average price of $251.65.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 net margin of 8.19% and a negative return on equity of 47.55%. On average, analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share 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 given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.07%. Lowe's Companies's payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several analyst reports. Truist Financial lowered their price objective on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler reduced their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Bank of America lowered their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research report on Tuesday, April 15th. Finally, BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $278.74.

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.