Sava Infond d.o.o. Invests $1.71 Million in Lowe's Companies, Inc. (NYSE:LOW)

Sava Infond d.o.o. acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,930 shares of the home improvement retailer's stock, valued at approximately $1,710,000.

Several other hedge funds have also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new position in shares of Lowe's Companies in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new position in Lowe's Companies in the 3rd quarter valued at $27,000. Winch Advisory Services LLC boosted its stake in Lowe's Companies by 56.4% in the fourth 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 in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at $31,000. Finally, Millstone Evans Group LLC bought a new position in shares of Lowe's Companies in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of LOW stock traded up $3.35 during midday trading on Monday, hitting $231.77. 831,953 shares of the company were exchanged, compared to its average volume of 2,488,464. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The firm has a market capitalization of $129.72 billion, a P/E ratio of 19.35, a PEG ratio of 1.96 and a beta of 1.12. The firm's 50 day moving average price is $245.57 and its two-hundred day moving average price is $257.38.

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Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data 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 company 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%. Analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is currently 37.67%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LOW. Stifel Nicolaus raised their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Mizuho decreased their price objective on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. 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 report on Thursday, February 27th. Royal Bank of Canada cut their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Finally, BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Lowe's Companies has a consensus 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.