Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Renaissance Group LLC

Renaissance Group LLC reduced its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,059 shares of the home improvement retailer's stock after selling 4,183 shares during the quarter. Renaissance Group LLC's holdings in Lowe's Companies were worth $33,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in Lowe's Companies in the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies in the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC boosted its position in shares of 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 period. Marshall Investment Management LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at approximately $31,000. Finally, Caisse Des Depots ET Consignations acquired a new position in Lowe's Companies during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.5 %

NYSE LOW traded down $1.09 during mid-day trading on Friday, hitting $220.11. The stock had a trading volume of 2,903,271 shares, compared to its average volume of 2,462,266. The company has a 50 day simple moving average of $236.25 and a 200 day simple moving average of $254.37. The company has a market cap of $123.20 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01.

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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 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.09%. Lowe's Companies's dividend payout ratio is presently 37.67%.

Analysts Set New Price Targets

Several research firms recently issued reports on LOW. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Truist Financial reduced their target price on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a report on Tuesday. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Finally, Mizuho decreased their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $278.74.

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.