Lowe’s Companies, Inc. (NYSE:LOW) Holdings Lifted by Egerton Capital UK LLP

Egerton Capital UK LLP grew its position in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 56.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,610,961 shares of the home improvement retailer’s stock after purchasing an additional 1,299,622 shares during the period. Lowe’s Companies makes up approximately 3.8% of Egerton Capital UK LLP’s holdings, making the stock its 11th biggest position. Egerton Capital UK LLP’s holdings in Lowe’s Companies were worth $730,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $21,314,000. TFG Advisers LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $243,000. Round Table Services LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $202,000. Asahi Life Asset Management CO. LTD. bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $124,000. Finally, RFG Advisory LLC boosted its holdings in shares of Lowe’s Companies by 1.7% in the fourth quarter. RFG Advisory LLC now owns 9,038 shares of the home improvement retailer’s stock valued at $2,336,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.

Lowe’s Companies Trading Up 0.4 %

LOW stock traded up $0.87 during midday trading on Friday, reaching $198.03. The company had a trading volume of 69,051 shares, compared to its average volume of 3,232,065. The company has a 50 day moving average of $185.72 and a two-hundred day moving average of $204.16. Lowe’s Companies, Inc. has a 1 year low of $170.12 and a 1 year high of $263.31. The company has a market capitalization of $126.57 billion, a P/E ratio of 16.07, a PEG ratio of 1.23 and a beta of 1.25.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its quarterly earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 EPS for the quarter, topping the consensus estimate of $3.24 by $0.27. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The company had revenue of $23.66 billion for the quarter, compared to analyst estimates of $23.72 billion. During the same quarter in the prior year, the business posted $3.21 EPS. Lowe’s Companies’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 13.44 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th were paid a $1.05 dividend. The ex-dividend date of this dividend was Tuesday, July 19th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.80. This represents a $4.20 dividend on an annualized basis and a yield of 2.12%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 34.23%.

Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $228.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. DA Davidson reduced their target price on shares of Lowe’s Companies from $292.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, May 19th. Evercore ISI reduced their target price on shares of Lowe’s Companies to $245.00 in a report on Thursday, June 9th. Citigroup reduced their target price on shares of Lowe’s Companies from $292.00 to $222.00 in a report on Friday, May 13th. Finally, Truist Financial reduced their target price on shares of Lowe’s Companies from $283.00 to $237.00 and set a “buy” rating for the company in a report on Thursday, May 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $238.58.

Lowe’s Companies Company Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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