Czech National Bank Has $30.25 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Czech National Bank increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,691 shares of the home improvement retailer's stock after buying an additional 6,690 shares during the period. Czech National Bank's holdings in Lowe's Companies were worth $30,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe's Companies in the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in Lowe's Companies in the 4th quarter valued at $31,000. Caisse Des Depots ET Consignations purchased a new stake in Lowe's Companies in the 4th quarter valued at $33,000. Orion Capital Management LLC purchased a new stake in Lowe's Companies in the 4th quarter valued at $36,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in Lowe's Companies in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on LOW. Piper Sandler reduced their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, May 21st. Bank of America cut their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Robert W. Baird cut their price target on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Finally, Citigroup reissued a "neutral" rating and issued a $253.00 price objective (down from $269.00) on shares of Lowe's Companies in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Stock Up 0.6%

Lowe's Companies stock traded up $1.32 during midday trading on Thursday, hitting $229.71. The company's stock had a trading volume of 608,741 shares, compared to its average volume of 2,643,847. The stock's 50-day moving average price is $224.01 and its 200-day moving average price is $242.26. The company has a market capitalization of $128.57 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $3.06 EPS. As a group, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.09%. Lowe's Companies's dividend payout ratio is currently 39.77%.

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.