Lowe’s Companies, Inc. $LOW Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,756 shares of the home improvement retailer’s stock after buying an additional 9,595 shares during the quarter. Pacer Advisors Inc.’s holdings in Lowe’s Companies were worth $14,012,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LOW. BSW Wealth Partners lifted its holdings in Lowe’s Companies by 50.6% in the third quarter. BSW Wealth Partners now owns 3,890 shares of the home improvement retailer’s stock valued at $978,000 after acquiring an additional 1,307 shares during the period. Johnson & White Wealth Management LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $214,000. Whitener Capital Management Inc. increased its holdings in shares of Lowe’s Companies by 10.5% in the 3rd quarter. Whitener Capital Management Inc. now owns 19,567 shares of the home improvement retailer’s stock valued at $4,917,000 after purchasing an additional 1,853 shares in the last quarter. Iams Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 13.0% in the third quarter. Iams Wealth Management LLC now owns 3,127 shares of the home improvement retailer’s stock valued at $786,000 after purchasing an additional 360 shares during the period. Finally, JGP Wealth Management LLC boosted its holdings in Lowe’s Companies by 1.2% during the third quarter. JGP Wealth Management LLC now owns 51,655 shares of the home improvement retailer’s stock worth $12,776,000 after buying an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research analyst reports. Argus dropped their target price on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a report on Tuesday, December 2nd. UBS Group decreased their price target on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Wells Fargo & Company dropped their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lowe’s Companies in a report on Monday, December 22nd. Finally, Truist Financial set a $269.00 target price on Lowe’s Companies in a research report on Wednesday, December 17th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $276.80.

Lowe’s Companies Price Performance

Shares of LOW opened at $244.55 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $274.98. The stock has a market cap of $137.18 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96. The firm has a 50 day simple moving average of $239.87 and a 200-day simple moving average of $240.49.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.Lowe’s Companies’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. On average, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.