Value Partners Investments Inc. Has $2.94 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Value Partners Investments Inc. raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,916 shares of the home improvement retailer’s stock after buying an additional 591 shares during the quarter. Lowe’s Companies accounts for 0.1% of Value Partners Investments Inc.’s investment portfolio, making the stock its 22nd largest holding. Value Partners Investments Inc.’s holdings in Lowe’s Companies were worth $2,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Invst LLC acquired a new position in shares of Lowe’s Companies during the third quarter valued at about $255,000. Virtu Financial LLC increased its position in Lowe’s Companies by 66.1% in the 3rd quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer’s stock valued at $1,483,000 after buying an additional 2,178 shares in the last quarter. Tudor Financial Inc. acquired a new position in Lowe’s Companies during the 3rd quarter worth approximately $1,877,000. Anchor Investment Management LLC boosted its holdings in Lowe’s Companies by 2.6% in the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer’s stock worth $12,334,000 after acquiring an additional 1,161 shares in the last quarter. Finally, World Investment Advisors LLC grew its stake in Lowe’s Companies by 7.6% in the third quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer’s stock valued at $6,423,000 after acquiring an additional 1,670 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LOW shares. Piper Sandler cut their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. 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. Bank of America decreased their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Finally, Truist Financial decreased their price objective on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $278.74.

Lowe’s Companies Trading Down 0.5 %

Shares of NYSE LOW opened at $220.11 on Monday. The stock has a fifty day simple moving average of $236.25 and a two-hundred day simple moving average of $254.29. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The firm has a market cap of $123.20 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data 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 negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) 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.