Mizuho Securities USA LLC Increases Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Mizuho Securities USA LLC increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,767 shares of the home improvement retailer's stock after buying an additional 16,816 shares during the quarter. Mizuho Securities USA LLC's holdings in Lowe's Companies were worth $13,270,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LOW. United Bank raised its holdings in Lowe's Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock valued at $2,735,000 after buying an additional 137 shares during the period. Jennison Associates LLC increased its position in shares of Lowe's Companies by 23.7% during the third quarter. Jennison Associates LLC now owns 193,672 shares of the home improvement retailer's stock valued at $52,456,000 after acquiring an additional 37,162 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Lowe's Companies by 6.2% during the third quarter. Citizens Financial Group Inc. RI now owns 20,757 shares of the home improvement retailer's stock valued at $5,622,000 after acquiring an additional 1,219 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Lowe's Companies by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 241,546 shares of the home improvement retailer's stock valued at $65,422,000 after acquiring an additional 2,324 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Lowe's Companies by 3.9% in the 3rd quarter. LPL Financial LLC now owns 813,617 shares of the home improvement retailer's stock worth $220,368,000 after acquiring an additional 30,740 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

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Lowe's Companies Stock Performance

Shares of LOW stock traded down $0.75 during mid-day trading on Tuesday, hitting $232.14. 508,960 shares of the stock were exchanged, compared to its average volume of 2,279,546. The stock's fifty day simple moving average is $247.67 and its two-hundred day simple moving average is $257.80. 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 capitalization of $131.08 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly 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. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, research analysts expect 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 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 1.98%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Wednesday, February 26th. Sanford C. Bernstein raised their target price on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Finally, Truist Financial lowered their price objective on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $279.71.

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.