4,023 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Acquired by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,023 shares of the home improvement retailer’s stock, valued at approximately $895,000.

Several other hedge funds also recently modified their holdings of the company. Harbour Trust & Investment Management Co bought a new stake in Lowe’s Companies in the fourth quarter worth about $5,890,000. Syon Capital LLC lifted its stake in Lowe’s Companies by 23.3% during the fourth quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock valued at $1,587,000 after purchasing an additional 1,345 shares during the last quarter. Biondo Investment Advisors LLC boosted its holdings in Lowe’s Companies by 1.0% during the third 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 in the last quarter. Perigon Wealth Management LLC grew its position in Lowe’s Companies by 18.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,724 shares of the home improvement retailer’s stock worth $829,000 after buying an additional 584 shares during the last quarter. Finally, Legacy CG LLC increased its holdings in shares of Lowe’s Companies by 25.0% in the fourth quarter. Legacy CG LLC now owns 22,948 shares of the home improvement retailer’s stock valued at $5,107,000 after buying an additional 4,583 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. Stifel Nicolaus decreased their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Citigroup upped their price objective on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Piper Sandler lifted their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Oppenheimer restated a “market perform” rating and issued a $230.00 price target on shares of Lowe’s Companies in a research report on Monday, March 4th. Finally, Morgan Stanley raised their price objective on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Fifteen research 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 presently has an average rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded up $2.55 during mid-day trading on Friday, reaching $232.13. 1,834,728 shares of the company traded hands, compared to its average volume of 2,044,726. The company’s fifty day moving average is $240.07 and its two-hundred day moving average is $220.75. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market cap of $132.82 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.15.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter last year, the company posted $2.28 earnings per share. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. Research analysts forecast that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 33.43%.

Lowe’s Companies Company 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.