Townsquare Capital LLC Has $16.57 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Townsquare Capital LLC increased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,124 shares of the home improvement retailer's stock after purchasing an additional 1,287 shares during the period. Townsquare Capital LLC's holdings in Lowe's Companies were worth $16,566,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. IFS Advisors LLC bought a new stake in Lowe's Companies in the fourth quarter worth $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe's Companies in the fourth quarter worth approximately $31,000. Winch Advisory Services LLC boosted its stake 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. Caisse Des Depots ET Consignations purchased a new stake in Lowe's Companies during the fourth quarter valued at $33,000. Finally, Millstone Evans Group LLC bought a new position in Lowe's Companies in the fourth quarter valued at about $44,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Down 1.6 %

Shares of LOW stock traded down $3.68 on Tuesday, reaching $220.46. 2,804,324 shares of the stock were exchanged, compared to its average volume of 2,466,191. The stock has a market cap of $123.40 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The firm has a 50 day moving average of $235.57 and a two-hundred day moving average of $253.99. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

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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, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LOW. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank of Canada lowered their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Piper Sandler reduced their price objective on shares of 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. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Tuesday. Finally, Mizuho decreased their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $278.74.

Lowe's Companies Company 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.