BW Gestao de Investimentos Ltda. Has $1.72 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

BW Gestao de Investimentos Ltda. trimmed its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,965 shares of the home improvement retailer's stock after selling 2,760 shares during the quarter. BW Gestao de Investimentos Ltda.'s holdings in Lowe's Companies were worth $1,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Baird Financial Group Inc. lifted its position in Lowe's Companies by 0.4% during the fourth quarter. Baird Financial Group Inc. now owns 206,378 shares of the home improvement retailer's stock worth $50,934,000 after acquiring an additional 787 shares during the last quarter. Baldwin Investment Management LLC lifted its holdings in Lowe's Companies by 4.8% during the 4th quarter. Baldwin Investment Management LLC now owns 10,456 shares of the home improvement retailer's stock worth $2,581,000 after purchasing an additional 475 shares during the last quarter. Banque de Luxembourg S.A. acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $233,000. Benjamin Edwards Inc. boosted its stake in Lowe's Companies by 1.2% in the 4th quarter. Benjamin Edwards Inc. now owns 68,415 shares of the home improvement retailer's stock valued at $16,889,000 after purchasing an additional 835 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new position in Lowe's Companies in the 4th quarter valued at $73,287,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded up $0.66 during mid-day trading on Wednesday, reaching $223.67. 2,924,047 shares of the company's stock were exchanged, compared to its average volume of 2,490,234. The firm has a market capitalization 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, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The business's fifty day moving average price is $226.53 and its 200-day moving average price is $248.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for 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%. Analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The company 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 dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend 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

A number of equities research analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley decreased their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday. Piper Sandler lowered their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Tuesday, April 15th. 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 research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $277.92.

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.