Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Winfield Associates Inc.

Winfield Associates Inc. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,036 shares of the home improvement retailer’s stock after buying an additional 150 shares during the quarter. Winfield Associates Inc.’s holdings in Lowe’s Companies were worth $1,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. RE Advisers Corp acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at approximately $29,000. Activest Wealth Management purchased a new position in Lowe’s Companies in the 2nd quarter valued at approximately $48,000. USA Financial Portformulas Corp increased its stake in Lowe’s Companies by 1,505.6% in the 2nd quarter. USA Financial Portformulas Corp now owns 289 shares of the home improvement retailer’s stock valued at $56,000 after purchasing an additional 271 shares in the last quarter. MV Capital Management Inc. increased its stake in Lowe’s Companies by 36.6% in the 2nd quarter. MV Capital Management Inc. now owns 332 shares of the home improvement retailer’s stock valued at $64,000 after purchasing an additional 89 shares in the last quarter. Finally, Cowen Prime Advisors LLC purchased a new position in Lowe’s Companies in the 2nd quarter valued at approximately $66,000. 74.07% of the stock is owned by institutional investors and hedge funds.

Shares of Lowe’s Companies stock traded up $0.72 on Thursday, hitting $252.63. The company had a trading volume of 1,952,637 shares, compared to its average volume of 3,732,437. The company has a market cap of $174.93 billion, a PE ratio of 21.95, a PEG ratio of 1.44 and a beta of 1.32. Lowe’s Companies, Inc. has a 52 week low of $149.31 and a 52 week high of $256.39. The company has a debt-to-equity ratio of 49.23, a current ratio of 1.19 and a quick ratio of 0.39. The business has a 50-day simple moving average of $223.69 and a 200-day simple moving average of $205.52.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 17th. The home improvement retailer reported $2.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.35 by $0.38. The firm had revenue of $22.92 billion during the quarter, compared to analysts’ expectations of $22.06 billion. Lowe’s Companies had a net margin of 8.63% and a return on equity of 25,100.30%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 2nd. Investors of record on Wednesday, January 19th will be given a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, January 18th. This represents a $3.20 annualized dividend and a dividend yield of 1.27%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 27.80%.

A number of analysts recently commented on the company. Truist lifted their price objective on Lowe’s Companies from $217.00 to $284.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. Wells Fargo & Company upped their target price on shares of Lowe’s Companies from $230.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, November 8th. Barclays increased their price objective on shares of Lowe’s Companies from $215.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, November 18th. Telsey Advisory Group increased their price objective on shares of Lowe’s Companies from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, November 18th. Finally, TheStreet lowered shares of Lowe’s Companies from a “b” rating to a “c+” rating in a report on Wednesday, August 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Buy” and a consensus price target of $247.00.

Lowe’s Companies Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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