Horrell Capital Management Inc. Has $6.62 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Horrell Capital Management Inc. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,803 shares of the home improvement retailer’s stock after acquiring an additional 76 shares during the quarter. Lowe’s Companies accounts for approximately 1.9% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 15th largest position. Horrell Capital Management Inc.’s holdings in Lowe’s Companies were worth $6,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Lowe’s Companies in the fourth quarter valued at $314,435,000. Strategic Financial Concepts LLC raised its position in Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after purchasing an additional 1,223,116 shares during the last quarter. Amundi lifted its holdings in Lowe’s Companies by 60.1% during the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after buying an additional 976,823 shares during the period. Finally, Proficio Capital Partners LLC grew its position in shares of Lowe’s Companies by 42,529.8% in the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock valued at $208,843,000 after buying an additional 844,217 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.4 %

Shares of Lowe’s Companies stock opened at $227.09 on Monday. The company has a market capitalization of $128.23 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The stock has a fifty day simple moving average of $247.99 and a 200 day simple moving average of $257.88. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LOW shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Piper Sandler dropped their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Truist Financial reduced their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada lowered their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

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.