Seeds Investor LLC Acquires 196 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Seeds Investor LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,772 shares of the home improvement retailer’s stock after acquiring an additional 196 shares during the period. Seeds Investor LLC’s holdings in Lowe’s Companies were worth $931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOW. Norges Bank bought a new stake in shares of Lowe’s Companies during the fourth quarter worth $1,842,954,000. Raymond James Financial Inc. bought a new stake in Lowe’s Companies during the 4th quarter valued at about $314,435,000. Strategic Financial Concepts LLC boosted its position in Lowe’s Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after buying an additional 1,223,116 shares during the period. Amundi grew its stake in Lowe’s Companies by 60.1% in the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after acquiring an additional 976,823 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of Lowe’s Companies by 42,529.8% during the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock worth $208,843,000 after acquiring an additional 844,217 shares during the period. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Royal Bank of Canada cut their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Mizuho lowered their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Finally, Piper Sandler dropped their price objective on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $220.11 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a market cap of $123.20 billion, a PE ratio of 18.36, a PEG ratio of 1.96 and a beta of 1.07. The business’s 50-day simple moving average is $236.25 and its two-hundred day simple moving average is $254.37.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, analysts predict 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. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.09%. Lowe’s Companies’s payout ratio is currently 37.67%.

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.