Captrust Financial Advisors Acquires 3,749 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Captrust Financial Advisors raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 564,640 shares of the home improvement retailer's stock after purchasing an additional 3,749 shares during the quarter. Captrust Financial Advisors owned 0.10% of Lowe's Companies worth $139,353,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Klingenstein Fields & Co. LP increased its position in Lowe's Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after acquiring an additional 39 shares during the period. Saxony Capital Management LLC increased its holdings in Lowe's Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after purchasing an additional 40 shares during the period. Powers Advisory Group LLC increased its holdings in Lowe's Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after purchasing an additional 40 shares during the period. Cordatus Wealth Management LLC raised its position in Lowe's Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock worth $3,705,000 after purchasing an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc lifted its holdings in Lowe's Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after buying an additional 42 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Price Performance

Shares of NYSE LOW traded down $2.31 during mid-day trading on Friday, reaching $222.17. 2,053,748 shares of the company's stock traded hands, compared to its average volume of 2,499,358. The business has a 50-day simple moving average of $225.26 and a 200 day simple moving average of $247.03. The stock has a market cap of $124.35 billion, a P/E ratio of 18.53, a PEG ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

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 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 business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.07%. The ex-dividend date was 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 recently weighed in on LOW shares. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Truist Financial decreased 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. Bank of America dropped their price target on shares of 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. Morgan Stanley decreased their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Royal Bank of Canada dropped 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 report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus price target of $278.04.

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.