Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,222 shares of the home improvement retailer's stock after selling 1,208 shares during the quarter. Thoroughbred Financial Services LLC's holdings in Lowe's Companies were worth $5,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LOW. IFS Advisors LLC acquired a new stake in Lowe's Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe's Companies in the 3rd quarter worth $27,000. Winch Advisory Services LLC boosted its position in 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 valued at $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter valued at about $31,000. Finally, Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LOW shares. Mizuho reduced their price target 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. Sanford C. Bernstein increased their target price on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Guggenheim restated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. Royal Bank of Canada cut their price target on shares of 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, Piper Sandler decreased their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $280.35.

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Lowe's Companies Price Performance

NYSE:LOW traded up $0.53 during midday trading on Friday, reaching $223.05. 4,829,634 shares of the company traded hands, compared to its average volume of 2,435,897. The firm has a market capitalization of $124.84 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company has a fifty day moving average price of $242.39 and a 200 day moving average price of $256.47. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion for 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%. On average, equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 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.