Tandem Investment Partners LLC Takes Position in Lowe's Companies, Inc. (NYSE:LOW)

Tandem Investment Partners LLC purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,540 shares of the home improvement retailer's stock, valued at approximately $627,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in Lowe's Companies during the third quarter worth about $27,000. IFS Advisors LLC acquired a new position in shares of Lowe's Companies during the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new position in shares of Lowe's Companies during the 4th quarter worth about $31,000. Winch Advisory Services LLC boosted its position in shares of 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 acquiring an additional 44 shares during the last quarter. Finally, Caisse Des Depots ET Consignations purchased a new stake in Lowe's Companies in the fourth quarter valued at approximately $33,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on LOW shares. Piper Sandler cut their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Truist Financial cut their target price on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research report on Tuesday. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Wednesday, February 26th. 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, 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 analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average target price of $278.74.

Remove Ads

Lowe's Companies Price Performance

Shares of LOW stock traded down $1.09 on Friday, hitting $220.11. 2,903,271 shares of the stock traded hands, compared to its average volume of 2,462,266. The company's fifty day moving average is $236.25 and its 200 day moving average is $254.37. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The company has a market capitalization of $123.20 billion, a PE ratio of 18.36, a PEG ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. As a group, equities research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.09%. Lowe's Companies's dividend payout ratio is currently 37.67%.

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.