Lavaca Capital LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,325 shares of the home improvement retailer’s stock, valued at approximately $534,000.

A number of other hedge funds have also bought and sold shares of the business. HighMark Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 272.1% in the third quarter. HighMark Wealth Management LLC now owns 160 shares of the home improvement retailer’s stock worth $28,000 after acquiring an additional 117 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $33,000. Danda Trouve Investment Management Inc. increased its stake in Lowe’s Companies by 73.9% during the 3rd quarter. Danda Trouve Investment Management Inc. now owns 200 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 85 shares in the last quarter. Chiron Capital Management LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $33,000. Finally, Catalyst Private Wealth LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.

A number of brokerages recently commented on LOW. Truist restated a “buy” rating and set a $178.00 price objective on shares of Lowe’s Companies in a report on Friday, November 20th. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to an “accumulate” rating and set a $181.00 price target on the stock. in a research note on Thursday, November 12th. Oppenheimer cut Lowe’s Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $185.00 to $180.00 in a research report on Friday, September 18th. Jefferies Financial Group lifted their target price on Lowe’s Companies from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Thursday, December 10th. Finally, Loop Capital upped their price target on Lowe’s Companies from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $171.82.

Shares of NYSE LOW traded up $0.84 during midday trading on Wednesday, hitting $169.83. 3,238,672 shares of the company’s stock were exchanged, compared to its average volume of 4,436,898. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20. The firm has a market capitalization of $124.44 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. Lowe’s Companies, Inc. has a 12 month low of $60.00 and a 12 month high of $180.67. The company’s 50 day moving average price is $159.72 and its 200 day moving average price is $157.66.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 17th. The home improvement retailer reported $1.98 EPS for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.01. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. The firm had revenue of $22.31 billion during the quarter, compared to analysts’ expectations of $21.08 billion. During the same period in the previous year, the business posted $1.41 earnings per share. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 8.7 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 3rd. Investors of record on Wednesday, January 20th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, January 19th. Lowe’s Companies’s payout ratio is 41.96%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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