Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 70.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,278 shares of the home improvement retailer's stock after selling 136,242 shares during the period. Aquatic Capital Management LLC's holdings in Lowe's Companies were worth $13,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFS Advisors LLC bought a new position in Lowe's Companies in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC increased its position in shares of Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC acquired a new position in Lowe's Companies during the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies in the fourth quarter worth approximately $33,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter worth approximately $44,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

NYSE LOW traded down $0.83 during midday trading on Thursday, hitting $222.74. 796,785 shares of the company traded hands, compared to its average volume of 2,473,646. The company has a market cap of $124.67 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company's 50-day simple moving average is $228.01 and its 200-day simple moving average is $249.88. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LOW shares. KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price for the company in a report on Friday, April 25th. Bank of America lowered their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Royal Bank of Canada cut their target price on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Finally, Truist Financial dropped their price objective 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 investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $278.21.

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.