Liberty Square Wealth Partners LLC Makes New $1.34 Million Investment in Lowe's Companies, Inc. (NYSE:LOW)

Liberty Square Wealth Partners LLC purchased a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,311 shares of the home improvement retailer's stock, valued at approximately $1,337,000.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Lowe's Companies during the 4th quarter valued at approximately $1,842,954,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of Lowe's Companies by 350.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer's stock worth $585,770,000 after purchasing an additional 1,846,315 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Lowe's Companies in the 4th quarter worth approximately $314,435,000. Strategic Financial Concepts LLC boosted its holdings in shares of Lowe's Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock worth $303,096,000 after purchasing an additional 1,223,116 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Lowe's Companies by 16.3% in the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after purchasing an additional 993,833 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Trading Down 0.5%

Shares of LOW traded down $1.09 during trading hours on Wednesday, hitting $224.72. The company had a trading volume of 2,213,187 shares, compared to its average volume of 2,514,542. The company has a market capitalization of $125.78 billion, a PE ratio of 18.74, a price-to-earnings-growth 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 company's fifty day moving average price is $224.51 and its two-hundred day moving average price is $243.93.

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

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is presently 38.11%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Sanford C. Bernstein set a $266.00 target price on Lowe's Companies and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Morgan Stanley dropped their target price on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Truist Financial set a $264.00 target price on Lowe's Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

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.