Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 24.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,608 shares of the home improvement retailer’s stock after acquiring an additional 5,384 shares during the period. Tidal Investments LLC’s holdings in Lowe’s Companies were worth $7,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System lifted its position in shares of Lowe’s Companies by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 939,999 shares of the home improvement retailer’s stock valued at $239,446,000 after buying an additional 4,410 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Lowe’s Companies by 20.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 23,808 shares of the home improvement retailer’s stock valued at $6,065,000 after purchasing an additional 3,968 shares in the last quarter. Whalerock Point Partners LLC grew its position in shares of Lowe’s Companies by 5.9% in the first quarter. Whalerock Point Partners LLC now owns 2,680 shares of the home improvement retailer’s stock valued at $683,000 after purchasing an additional 150 shares during the period. Kingdon Capital Management L.L.C. acquired a new stake in shares of Lowe’s Companies in the first quarter valued at about $15,284,000. Finally, BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Lowe’s Companies during the first quarter worth about $815,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on LOW shares. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Stifel Nicolaus increased their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Truist Financial dropped their target price on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, DA Davidson decreased their price target on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $250.04.

Lowe’s Companies Stock Down 1.9 %

NYSE LOW traded down $4.55 during trading on Thursday, hitting $240.96. The stock had a trading volume of 436,554 shares, compared to its average volume of 2,523,972. The company has a market capitalization of $137.31 billion, a PE ratio of 19.72, a PEG ratio of 1.85 and a beta of 1.08. The firm has a 50 day moving average price of $224.95 and a 200 day moving average price of $229.94. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to the consensus estimate of $21.14 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.67 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.25%. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

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.