Capital Square LLC Has $1.51 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Capital Square LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,751 shares of the home improvement retailer’s stock after purchasing an additional 255 shares during the quarter. Capital Square LLC’s holdings in Lowe’s Companies were worth $1,508,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC boosted its stake in Lowe’s Companies by 56.4% in 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 during the period. Marshall Investment Management LLC purchased a new position in Lowe’s Companies during the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations acquired a new stake in Lowe’s Companies during the 4th quarter valued at $33,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LOW shares. Bank of America lowered their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Mizuho lowered their target price 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. DA Davidson reiterated a “neutral” rating and issued a $270.00 target price on shares of Lowe’s Companies in a report on Wednesday. Piper Sandler decreased their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Finally, BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.74.

Lowe’s Companies Stock Performance

LOW opened at $214.55 on Thursday. The company has a market cap of $120.09 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The stock has a 50-day moving average of $234.10 and a 200-day moving average of $253.49. Lowe’s Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results 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 negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. On average, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced 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 of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.14%. Lowe’s Companies’s payout ratio 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.