7,746 Shares in Lowe's Companies, Inc. (NYSE:LOW) Purchased by 111 Capital

111 Capital purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,746 shares of the home improvement retailer's stock, valued at approximately $1,912,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe's Companies during the fourth quarter valued at about $25,000. Marshall Investment Management LLC purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies during the 4th quarter worth approximately $33,000. Orion Capital Management LLC bought a new stake in Lowe's Companies during the 4th quarter worth approximately $36,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in Lowe's Companies in the 4th quarter worth approximately $42,000. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Price Performance

NYSE LOW traded up $0.64 during trading on Friday, hitting $225.57. 4,127,230 shares of the company's stock traded hands, compared to its average volume of 2,513,115. The stock has a fifty day moving average of $224.20 and a two-hundred day moving average of $242.76. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The firm has a market cap of $126.25 billion, a P/E ratio of 18.81, a PEG ratio of 1.96 and a beta of 1.00.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Lowe's Companies's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.06 EPS. As a group, analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio is 39.77%.

Analysts Set New Price Targets

LOW has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their price target on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Truist Financial set a $264.00 price objective on Lowe's Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Citigroup restated a "neutral" rating and issued a $253.00 target price (down from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. Wells Fargo & Company lowered their price target on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Piper Sandler cut their price objective 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

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.