Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,365 shares of the home improvement retailer's stock after purchasing an additional 9,117 shares during the quarter. Boothbay Fund Management LLC's holdings in Lowe's Companies were worth $7,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. IFS Advisors LLC bought a new stake in Lowe's Companies during the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in Lowe's Companies in the fourth quarter worth about $31,000. Winch Advisory Services LLC boosted its holdings in 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 acquiring an additional 44 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in Lowe's Companies in the fourth quarter worth about $33,000. Finally, Millstone Evans Group LLC acquired a new stake in Lowe's Companies in the fourth quarter worth about $44,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded up $0.15 during midday trading on Thursday, hitting $223.71. The company's stock had a trading volume of 755,154 shares, compared to its average volume of 2,595,827. The business's 50 day simple moving average is $228.01 and its 200 day simple moving average is $249.88. The company has a market cap of $125.21 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. 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 research analysts have weighed in on LOW shares. Piper Sandler lowered their price target on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a report on Monday, March 24th. KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price on the stock in a research report on Friday, April 25th. Truist Financial dropped their target price on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Mizuho dropped their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $278.21.

About Lowe's Companies

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.