Nebula Research & Development LLC Boosts Stake in Lowe's Companies, Inc. (NYSE:LOW)

Nebula Research & Development LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 159.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,852 shares of the home improvement retailer's stock after purchasing an additional 9,120 shares during the quarter. Lowe's Companies accounts for 0.4% of Nebula Research & Development LLC's investment portfolio, making the stock its 19th biggest position. Nebula Research & Development LLC's holdings in Lowe's Companies were worth $3,665,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Invst LLC bought a new position in shares of Lowe's Companies in the third quarter worth approximately $255,000. Virtu Financial LLC lifted its stake in shares of Lowe's Companies by 66.1% in the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock worth $1,483,000 after buying an additional 2,178 shares in the last quarter. Tudor Financial Inc. bought a new position in shares of Lowe's Companies in the third quarter worth approximately $1,877,000. Anchor Investment Management LLC lifted its stake in shares of Lowe's Companies by 2.6% in the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock worth $12,334,000 after buying an additional 1,161 shares in the last quarter. Finally, World Investment Advisors LLC lifted its stake in shares of Lowe's Companies by 7.6% in the third quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock worth $6,423,000 after buying an additional 1,670 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. DA Davidson reiterated a "neutral" rating and issued a $270.00 target price on shares of Lowe's Companies in a research note on Wednesday, April 16th. Truist Financial lowered their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler lowered their price objective on shares of 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. Bank of America lowered their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, Mizuho lowered their price objective on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $278.21.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded up $0.22 during trading hours on Monday, hitting $221.13. The company's stock had a trading volume of 2,046,652 shares, compared to its average volume of 2,475,831. The business has a 50 day moving average price of $229.29 and a two-hundred day moving average price of $250.63. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a market cap of $123.77 billion, a PE ratio of 18.44, a PEG ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $18.29 billion. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.08%. Lowe's Companies's payout ratio is 37.67%.

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.