Stevens Capital Management LP Acquires New Position in Lowe’s Companies, Inc. (NYSE:LOW)

Stevens Capital Management LP acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,373 shares of the home improvement retailer’s stock, valued at approximately $339,000.

Several other institutional investors and hedge funds have also modified their holdings of LOW. United Bank lifted its stake in shares of Lowe’s Companies by 1.4% during the third quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock valued at $2,735,000 after buying an additional 137 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Lowe’s Companies by 2.9% during the third quarter. Pacer Advisors Inc. now owns 42,266 shares of the home improvement retailer’s stock valued at $11,448,000 after buying an additional 1,175 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Lowe’s Companies by 3.0% during the third quarter. Eagle Asset Management Inc. now owns 13,824 shares of the home improvement retailer’s stock valued at $3,748,000 after buying an additional 399 shares during the period. Cerity Partners LLC lifted its stake in shares of Lowe’s Companies by 19.0% during the third quarter. Cerity Partners LLC now owns 210,662 shares of the home improvement retailer’s stock valued at $57,058,000 after buying an additional 33,686 shares during the period. Finally, Lane & Associates LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at approximately $370,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $227.09 on Monday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market capitalization of $128.23 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company’s fifty day moving average price is $247.99 and its two-hundred day moving average price is $257.88.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.03%. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Evercore ISI upped their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Bank of America dropped their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Truist Financial dropped their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.83.

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.