Trexquant Investment LP Makes New $27.10 Million Investment in Lowe's Companies, Inc. (NYSE:LOW)

Trexquant Investment LP purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 109,785 shares of the home improvement retailer's stock, valued at approximately $27,095,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. May Hill Capital LLC bought a new position in shares of Lowe's Companies during the 4th quarter worth approximately $227,000. Geode Capital Management LLC grew its position in Lowe's Companies by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock valued at $2,952,341,000 after acquiring an additional 245,876 shares during the period. Nemes Rush Group LLC raised its stake in Lowe's Companies by 1,711.9% during the fourth quarter. Nemes Rush Group LLC now owns 761 shares of the home improvement retailer's stock worth $188,000 after acquiring an additional 719 shares in the last quarter. StoneX Group Inc. lifted its holdings in shares of Lowe's Companies by 32.7% during the fourth quarter. StoneX Group Inc. now owns 13,290 shares of the home improvement retailer's stock valued at $3,280,000 after acquiring an additional 3,272 shares during the period. Finally, Tradewinds LLC. acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at $601,000. Institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. Mizuho cut their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Truist Financial reduced their target price on Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Stifel Nicolaus raised their price target on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Finally, Piper Sandler reduced their price objective on 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $280.35.

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Lowe's Companies Trading Down 5.4 %

Shares of NYSE:LOW traded down $12.75 during mid-day trading on Thursday, reaching $222.53. The stock had a trading volume of 4,474,642 shares, compared to its average volume of 2,428,840. The firm has a 50 day simple moving average of $243.94 and a two-hundred day simple moving average of $256.94. Lowe's Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm has a market cap of $124.55 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

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 for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for 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%. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal 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 dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.07%. Lowe's Companies's dividend payout ratio is presently 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.