Steamboat Capital Partners LLC Sells 328 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Steamboat Capital Partners LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,078 shares of the home improvement retailer’s stock after selling 328 shares during the period. Lowe’s Companies makes up approximately 1.2% of Steamboat Capital Partners LLC’s investment portfolio, making the stock its 24th biggest position. Steamboat Capital Partners LLC’s holdings in Lowe’s Companies were worth $3,968,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Lowe’s Companies by 1.0% during the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer’s stock valued at $6,483,558,000 after buying an additional 259,766 shares during the period. Geode Capital Management LLC boosted its stake in Lowe’s Companies by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer’s stock valued at $2,952,341,000 after buying an additional 245,876 shares during the period. Norges Bank bought a new stake in Lowe’s Companies during the fourth quarter valued at $1,842,954,000. Northern Trust Corp boosted its stake in Lowe’s Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock valued at $1,745,960,000 after buying an additional 993,833 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Lowe’s Companies by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer’s stock worth $1,033,283,000 after purchasing an additional 385,994 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Truist Financial dropped their price target 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. Wells Fargo & Company dropped their price target on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, Bank of America dropped their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $277.00.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $234.20 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The company has a market cap of $131.09 billion, a PE ratio of 19.53, a P/E/G ratio of 1.96 and a beta of 1.00. The stock’s 50-day moving average is $224.34 and its 200 day moving average is $245.82.

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

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 1.96%. Lowe’s Companies’s dividend payout ratio is presently 37.67%.

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.