Xponance Inc. Purchases 2,568 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Xponance Inc. raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,365 shares of the home improvement retailer's stock after buying an additional 2,568 shares during the quarter. Xponance Inc.'s holdings in Lowe's Companies were worth $22,055,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LOW. Generali Asset Management SPA SGR purchased a new stake in shares of Lowe's Companies in the fourth quarter worth approximately $8,914,000. Horizon Investments LLC lifted its position in shares of Lowe's Companies by 1.9% in the fourth quarter. Horizon Investments LLC now owns 10,321 shares of the home improvement retailer's stock worth $2,536,000 after purchasing an additional 190 shares in the last quarter. Mystic Asset Management Inc. lifted its position in shares of Lowe's Companies by 734.2% in the fourth quarter. Mystic Asset Management Inc. now owns 17,769 shares of the home improvement retailer's stock worth $4,385,000 after purchasing an additional 15,639 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth approximately $190,000. Finally, Curio Wealth LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth approximately $72,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. StockNews.com downgraded Lowe's Companies from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Royal Bank of Canada dropped 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, Wedbush restated a "neutral" rating and issued a $250.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $280.83.

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Lowe's Companies Price Performance

Shares of Lowe's Companies stock traded up $0.83 during midday trading on Friday, hitting $227.09. The company had a trading volume of 6,352,712 shares, compared to its average volume of 2,279,930. The business's 50 day simple moving average is $247.99 and its two-hundred day simple moving average is $257.70. The stock has a market cap of $128.23 billion, a PE ratio of 18.94, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for 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, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.03%. Lowe's Companies's payout ratio is 37.67%.

About Lowe's Companies

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.