DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $339.41 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,375,225 shares of the home improvement retailer's stock after selling 879,595 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.24% of Lowe's Companies worth $339,406,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC increased its stake in Lowe's Companies by 1.6% during the fourth quarter. EP Wealth Advisors LLC now owns 73,314 shares of the home improvement retailer's stock valued at $18,094,000 after acquiring an additional 1,161 shares during the period. Colonial Trust Co SC increased its stake in Lowe's Companies by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 19,261 shares of the home improvement retailer's stock valued at $4,754,000 after acquiring an additional 7,319 shares during the period. Concorde Financial Corp increased its stake in Lowe's Companies by 0.7% during the fourth quarter. Concorde Financial Corp now owns 13,774 shares of the home improvement retailer's stock valued at $3,399,000 after acquiring an additional 92 shares during the period. Crestline Management LP bought a new position in Lowe's Companies during the fourth quarter valued at about $1,973,000. Finally, Centiva Capital LP increased its stake in Lowe's Companies by 18.6% during the fourth quarter. Centiva Capital LP now owns 2,056 shares of the home improvement retailer's stock valued at $507,000 after acquiring an additional 322 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Trading Up 4.7%

Shares of NYSE LOW traded up $10.49 during mid-day trading on Monday, hitting $232.75. The company had a trading volume of 3,495,510 shares, compared to its average volume of 2,503,344. The company has a market capitalization of $130.27 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The firm has a 50-day simple moving average of $225.26 and a two-hundred day simple moving average of $246.86. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01.

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

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Wednesday, April 23rd. Lowe's Companies's payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. 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 note on Thursday, February 27th. Wells Fargo & Company lowered their price objective on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday. DA Davidson reiterated a "neutral" rating and issued a $270.00 price objective on shares of Lowe's Companies in a research note on Wednesday, April 16th. Truist Financial reduced their target price on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley reduced their target price on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies presently has a consensus 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.