6,203 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,203 shares of the home improvement retailer’s stock, valued at approximately $1,531,000.

Other institutional investors have also recently bought and sold shares of the company. Optimize Financial Inc bought a new stake in Lowe’s Companies during the fourth quarter worth about $534,000. Townsquare Capital LLC increased its position in shares of Lowe’s Companies by 2.0% during the 4th quarter. Townsquare Capital LLC now owns 67,124 shares of the home improvement retailer’s stock worth $16,566,000 after purchasing an additional 1,287 shares during the last quarter. Distillate Capital Partners LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $28,578,000. Petros Family Wealth LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $887,000. Finally, Heritage Trust Co acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $2,347,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Mizuho reduced their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Truist Financial reduced their target price on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $220.11 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a market cap of $123.20 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.96 and a beta of 1.07. The stock has a fifty day moving average price of $236.25 and a 200-day moving average price of $254.29.

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

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.09%. Lowe’s Companies’s dividend payout ratio is currently 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.