Stevens Capital Management LP Acquires Shares of 1,373 Lowe's Companies, Inc. (NYSE:LOW)

Stevens Capital Management LP purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,373 shares of the home improvement retailer's stock, valued at approximately $339,000.

A number of other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies during the 3rd quarter valued at approximately $27,000. IFS Advisors LLC bought a new stake in Lowe's Companies during the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC lifted its position in shares of Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe's Companies in the 4th quarter valued at about $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LOW has been the topic of several research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research note on Wednesday, February 26th. Truist Financial dropped their price target on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Evercore ISI increased their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Finally, Bank of America cut their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $279.71.

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Lowe's Companies Stock Performance

NYSE LOW traded down $2.28 on Tuesday, reaching $230.61. The company's stock had a trading volume of 2,476,794 shares, compared to its average volume of 2,280,569. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm's 50 day moving average is $247.67 and its two-hundred day moving average is $257.80. The stock has a market cap of $130.21 billion, a PE ratio of 19.23, a PEG ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results 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. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS 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. This represents a $4.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is presently 37.67%.

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.