Axa S.A. Has $30.38 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

AXA S.A. increased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 123,113 shares of the home improvement retailer's stock after buying an additional 11,070 shares during the quarter. AXA S.A.'s holdings in Lowe's Companies were worth $30,384,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LOW. IFS Advisors LLC bought a new position in Lowe's Companies in the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its stake in shares of Lowe's Companies by 56.4% in 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 last quarter. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth about $31,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe's Companies in the 4th quarter worth $33,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Lowe's Companies during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

NYSE:LOW traded up $0.66 during trading hours on Wednesday, reaching $223.67. 2,924,047 shares of the company were exchanged, compared to its average volume of 2,487,931. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The stock has a 50 day simple moving average of $226.53 and a 200 day simple moving average of $248.06. The firm has a market cap of $125.19 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its 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. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.06%. Lowe's Companies's payout ratio is 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of analyst reports. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective for the company in a research report on Friday, April 25th. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price target on shares of Lowe's Companies in a report on Wednesday, April 16th. Royal Bank of Canada lowered their target price on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Piper Sandler dropped their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and an average target price of $277.92.

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.