Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,480 shares of the home improvement retailer’s stock after purchasing an additional 605 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lowe’s Companies were worth $7,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC increased its holdings in Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $35,000. Itau Unibanco Holding S.A. acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $40,000. Finally, True Wealth Design LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.2 %

LOW traded up $0.51 on Wednesday, reaching $228.86. The company had a trading volume of 1,981,584 shares, compared to its average volume of 2,559,961. Lowe’s Companies, Inc. has a 1 year low of $181.85 and a 1 year high of $262.49. The stock has a market capitalization of $130.95 billion, a PE ratio of 17.42, a P/E/G ratio of 1.70 and a beta of 1.13. The stock has a 50-day moving average price of $239.15 and a 200-day moving average price of $218.31.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the previous year, the company earned $2.28 earnings per share. Lowe’s Companies’s quarterly revenue was down 17.1% compared to the same quarter last year. As a group, analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share 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 8th. Stockholders of record on Wednesday, April 24th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.92%. Lowe’s Companies’s payout ratio is 33.43%.

Analysts Set New Price Targets

Several research firms recently weighed in on LOW. Truist Financial lifted their target price on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Oppenheimer reiterated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Monday, March 4th. UBS Group lifted their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Piper Sandler boosted their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus dropped their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Fifteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $252.52.

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.