Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 557,646 shares of the home improvement retailer's stock after selling 10,723 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Lowe's Companies worth $137,623,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LOW. United Bank grew its stake in shares of Lowe's Companies by 1.4% during the third quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock worth $2,735,000 after buying an additional 137 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Lowe's Companies during the 3rd quarter worth $205,000. Royal London Asset Management Ltd. raised its position in Lowe's Companies by 2.7% in the third quarter. Royal London Asset Management Ltd. now owns 240,526 shares of the home improvement retailer's stock valued at $65,146,000 after purchasing an additional 6,210 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Lowe's Companies during the third quarter valued at about $16,143,000. Finally, Worldquant Millennium Advisors LLC raised its holdings in Lowe's Companies by 281.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 211,491 shares of the home improvement retailer's stock valued at $57,282,000 after buying an additional 155,982 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Price Performance

LOW traded down $1.01 during trading on Wednesday, reaching $210.68. 1,136,575 shares of the company's stock were exchanged, compared to its average volume of 2,610,415. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The company's fifty day simple moving average is $239.24 and its 200-day simple moving average is $255.48. The stock has a market capitalization of $117.92 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly 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. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current 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 $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is currently 37.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in 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. Piper Sandler cut their target price on 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 target on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Truist Financial dropped their price target 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. Finally, StockNews.com lowered shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $278.74.

About Lowe's Companies

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.