Quadrant Capital Group LLC Sells 85 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Quadrant Capital Group LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,080 shares of the home improvement retailer’s stock after selling 85 shares during the period. Quadrant Capital Group LLC’s holdings in Lowe’s Companies were worth $1,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. United Bank grew 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 purchasing an additional 137 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Lowe’s Companies during the 3rd quarter worth $205,000. Wellington Management Group LLP boosted its position in Lowe’s Companies by 14.4% in the 3rd quarter. Wellington Management Group LLP now owns 721,116 shares of the home improvement retailer’s stock valued at $195,314,000 after buying an additional 90,750 shares during the last quarter. Zacks Investment Management increased its stake in shares of Lowe’s Companies by 7.4% in the 3rd quarter. Zacks Investment Management now owns 3,166 shares of the home improvement retailer’s stock valued at $858,000 after buying an additional 217 shares during the period. Finally, Bontempo Ohly Capital Mgmt LLC raised its position in shares of Lowe’s Companies by 0.4% during the third quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,758 shares of the home improvement retailer’s stock worth $5,081,000 after acquiring an additional 72 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.2 %

LOW stock opened at $223.05 on Friday. The stock has a market cap of $124.84 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The stock has a 50-day moving average price of $242.39 and a two-hundred day moving average price of $256.46. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping 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 business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors 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 dividend on an annualized basis and a yield of 2.06%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 37.67%.

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. Truist Financial lowered their price objective on 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. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Evercore ISI raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.35.

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.