Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Centiva Capital LP

Centiva Capital LP lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 18.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,056 shares of the home improvement retailer’s stock after acquiring an additional 322 shares during the quarter. Centiva Capital LP’s holdings in Lowe’s Companies were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LOW. Norges Bank acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $1,842,954,000. Kovitz Investment Group Partners LLC lifted its holdings in Lowe’s Companies by 350.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock worth $585,770,000 after acquiring an additional 1,846,315 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $314,435,000. Strategic Financial Concepts LLC grew its holdings in shares of Lowe’s Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after purchasing an additional 1,223,116 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Lowe’s Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after purchasing an additional 993,833 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on LOW shares. Piper Sandler lowered their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Bank of America dropped their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Truist Financial lowered their price objective on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 15th. Finally, 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 report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.04.

Lowe’s Companies Stock Performance

LOW stock opened at $222.17 on Friday. The firm has a 50 day simple moving average of $225.26 and a 200 day simple moving average of $247.19. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The stock has a market cap of $124.35 billion, a P/E ratio of 18.53, a P/E/G ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $18.29 billion. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

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.