EP Wealth Advisors LLC Acquires 1,161 Shares of Lowe's Companies, Inc. (NYSE:LOW)

EP Wealth Advisors LLC raised its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,314 shares of the home improvement retailer's stock after acquiring an additional 1,161 shares during the period. EP Wealth Advisors LLC's holdings in Lowe's Companies were worth $18,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Lowe's Companies by 1.0% in the fourth quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock worth $6,483,558,000 after buying an additional 259,766 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lowe's Companies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 11,979,337 shares of the home improvement retailer's stock valued at $2,952,341,000 after purchasing an additional 245,876 shares during the last quarter. Norges Bank bought a new stake in shares of Lowe's Companies in the 4th quarter worth $1,842,954,000. Northern Trust Corp lifted its holdings in shares of Lowe's Companies by 16.3% during the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after purchasing an additional 993,833 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Lowe's Companies by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock valued at $1,033,283,000 after purchasing an additional 385,994 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LOW. Mizuho decreased their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada decreased their price objective on shares of Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Piper Sandler decreased their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Bank of America dropped their price target 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. Finally, KeyCorp raised Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price on the stock in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $278.04.

Lowe's Companies Price Performance

Shares of LOW stock traded down $2.31 during trading hours on Friday, hitting $222.17. The stock had a trading volume of 2,053,748 shares, compared to its average volume of 2,499,358. The stock has a market capitalization of $124.35 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The stock's 50-day moving average price is $225.26 and its two-hundred day moving average price is $247.03.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities research analysts predict 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. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.07%. Lowe's Companies's payout ratio is currently 37.67%.

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.