Vinva Investment Management Ltd Boosts Stake in Lowe's Companies, Inc. (NYSE:LOW)

Vinva Investment Management Ltd grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 97.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,972 shares of the home improvement retailer's stock after acquiring an additional 5,913 shares during the quarter. Vinva Investment Management Ltd's holdings in Lowe's Companies were worth $2,954,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Lowe's Companies in the 3rd quarter valued at $27,000. IFS Advisors LLC purchased a new position in shares of Lowe's Companies in the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in Lowe's Companies during the fourth quarter worth about $31,000. Winch Advisory Services LLC grew its stake in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after acquiring an additional 44 shares in the last quarter. Finally, Financial Life Planners acquired a new stake in Lowe's Companies in the 4th quarter valued at about $45,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded up $5.94 during trading on Monday, hitting $233.01. The company's stock had a trading volume of 2,485,056 shares, compared to its average volume of 2,279,897. The company has a market capitalization of $131.57 billion, a PE ratio of 19.43, a P/E/G ratio of 1.96 and a beta of 1.12. The business has a 50 day moving average price of $247.99 and a two-hundred day moving average price of $257.88. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

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Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently declared 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 1.97%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is 37.67%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wedbush restated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Evercore ISI upped their target price on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday, December 12th. Sanford C. Bernstein raised their target price on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Mizuho lowered 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 report on Thursday, February 27th. Finally, Bank of America cut their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $279.71.

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.