Brooklyn FI LLC Makes New $820,000 Investment in Lowe's Companies, Inc. (NYSE:LOW)

Brooklyn FI LLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,072 shares of the home improvement retailer's stock, valued at approximately $820,000.

Other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in Lowe's Companies by 1.0% in the 4th quarter. FMR LLC now owns 26,270,496 shares of the home improvement retailer's stock valued at $6,483,558,000 after purchasing an additional 259,766 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 buying an additional 245,876 shares during the period. Norges Bank acquired a new position in Lowe's Companies in the fourth quarter valued at approximately $1,842,954,000. Northern Trust Corp grew its position in Lowe's Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after acquiring an additional 993,833 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Lowe's Companies by 6.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock worth $1,242,793,000 after acquiring an additional 323,371 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. Bank of America reduced their target price on 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. Stifel Nicolaus reduced their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a report on Tuesday. Piper Sandler decreased their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, KeyCorp raised shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Stock Up 0.3%

NYSE LOW traded up $0.64 during trading hours on Friday, hitting $225.57. 4,127,230 shares of the company were exchanged, compared to its average volume of 2,521,457. The firm has a market cap of $126.25 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.96 and a beta of 1.00. The company has a 50 day moving average of $224.20 and a two-hundred day moving average of $243.15. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same quarter in the previous year, the business posted $3.06 EPS. The firm's revenue was down 2.0% on a year-over-year basis. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 2.13%. Lowe's Companies's dividend payout ratio (DPR) is currently 38.11%.

Lowe's Companies 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.