Linden Thomas Advisory Services LLC Buys 721 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Linden Thomas Advisory Services LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 10.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,758 shares of the home improvement retailer’s stock after buying an additional 721 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Lowe’s Companies were worth $1,727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbour Trust & Investment Management Co purchased a new stake in Lowe’s Companies during the 4th quarter worth approximately $5,890,000. Biondo Investment Advisors LLC lifted its position in shares of Lowe’s Companies by 1.0% during the 3rd quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock worth $12,669,000 after buying an additional 620 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 18.6% in the 4th quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock valued at $829,000 after acquiring an additional 584 shares during the period. Legacy CG LLC grew its stake in shares of Lowe’s Companies by 25.0% during the 4th quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock worth $5,107,000 after purchasing an additional 4,583 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $40,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on LOW shares. DA Davidson reissued a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Barclays raised their target price on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Wedbush increased their target price on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Morgan Stanley lifted their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, Truist Financial raised their price target on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Price Performance

Shares of LOW traded down $4.08 during mid-day trading on Wednesday, reaching $229.48. The company had a trading volume of 607,643 shares, compared to its average volume of 2,508,541. The company’s 50-day moving average is $239.82 and its 200-day moving average is $219.35. The company has a market capitalization of $131.31 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.71 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.28 earnings per share. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.92%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 33.43%.

About Lowe’s Companies

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.