Fmr LLC Has $6.48 Billion Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Fmr LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,270,496 shares of the home improvement retailer’s stock after purchasing an additional 259,766 shares during the period. Lowe’s Companies makes up approximately 0.4% of Fmr LLC’s holdings, making the stock its 28th largest position. Fmr LLC owned 4.65% of Lowe’s Companies worth $6,483,558,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LOW. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies in the third quarter worth about $27,000. IFS Advisors LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth about $31,000. Winch Advisory Services LLC increased its stake in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Finally, Caisse Des Depots ET Consignations bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $33,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LOW shares. Evercore ISI raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Truist Financial decreased their target price 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. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Mizuho dropped their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, Stifel Nicolaus raised their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.35.

Lowe’s Companies Stock Up 0.2 %

NYSE LOW opened at $223.05 on Friday. The business’s fifty day moving average is $242.39 and its 200 day moving average is $256.46. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market cap of $124.84 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

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

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. Lowe’s Companies’s payout ratio is presently 37.67%.

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.