Bailard Inc. Sells 1,098 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bailard Inc. lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,040 shares of the home improvement retailer’s stock after selling 1,098 shares during the quarter. Bailard Inc.’s holdings in Lowe’s Companies were worth $1,344,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. purchased a new position in shares of Lowe’s Companies during the fourth quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the third quarter worth about $26,000. VisionPoint Advisory Group LLC grew its position in shares of Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies during the 3rd quarter worth $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Lowe’s Companies during the 4th quarter valued at approximately $47,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.6 %

Shares of Lowe’s Companies stock traded up $1.44 during trading hours on Friday, reaching $231.40. The stock had a trading volume of 372,513 shares, compared to its average volume of 2,486,716. The firm has a market capitalization of $132.40 billion, a PE ratio of 17.58, a PEG ratio of 1.70 and a beta of 1.13. The stock’s 50 day moving average is $239.92 and its 200 day moving average is $219.50. 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 issued its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 earnings per share. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced 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 is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 1.90%. Lowe’s Companies’s payout ratio is 33.43%.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research reports. Piper Sandler lifted their price target on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Truist Financial lifted their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Evercore ISI lowered their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 target price on the stock in a research note on Wednesday, February 14th. Finally, DA Davidson reissued a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $252.52.

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.