RB Capital Management LLC Trims Position in Lowe’s Companies, Inc. (NYSE:LOW)

RB Capital Management LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,221 shares of the home improvement retailer’s stock after selling 71 shares during the quarter. RB Capital Management LLC’s holdings in Lowe’s Companies were worth $301,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV grew its holdings in Lowe’s Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock valued at $4,894,000 after purchasing an additional 501 shares during the period. Aptus Capital Advisors LLC grew its holdings in Lowe’s Companies by 14.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer’s stock valued at $26,236,000 after purchasing an additional 13,092 shares during the period. World Investment Advisors grew its holdings in Lowe’s Companies by 11.0% during the fourth quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer’s stock valued at $6,498,000 after purchasing an additional 2,615 shares during the period. Great Lakes Advisors LLC grew its holdings in Lowe’s Companies by 1.5% during the fourth quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer’s stock valued at $116,696,000 after purchasing an additional 7,187 shares during the period. Finally, Northern Trust Corp grew its holdings in Lowe’s Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after purchasing an additional 993,833 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $227.28 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The stock’s 50 day simple moving average is $224.69 and its two-hundred day simple moving average is $245.29. The company has a market cap of $127.21 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the prior year, the business posted $3.06 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.02%. Lowe’s Companies’s payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company cut their price target on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Truist Financial dropped their price objective on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. DA Davidson reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, April 16th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $276.17.

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.