GTS Securities LLC Reduces Holdings in Lowe's Companies, Inc. (NYSE:LOW)

GTS Securities LLC trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 48.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,133 shares of the home improvement retailer's stock after selling 5,766 shares during the period. GTS Securities LLC's holdings in Lowe's Companies were worth $1,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new position in shares of Lowe's Companies in the 4th quarter worth about $31,000. Caisse Des Depots ET Consignations purchased a new position in Lowe's Companies in the fourth quarter valued at about $33,000. Orion Capital Management LLC bought a new position in shares of Lowe's Companies during the 4th quarter valued at approximately $36,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Lowe's Companies during the 4th quarter worth approximately $42,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Lowe's Companies in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

LOW has been the topic of several research reports. Truist Financial set a $264.00 target price on Lowe's Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Piper Sandler lowered their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Robert W. Baird cut their target price on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Stifel Nicolaus lowered their price target on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Price Performance

NYSE LOW traded down $1.09 during trading on Wednesday, hitting $224.72. 2,212,381 shares of the company's stock traded hands, compared to its average volume of 2,516,758. The stock has a fifty day moving average of $224.51 and a two-hundred day moving average of $243.93. 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 $125.78 billion, a P/E ratio of 18.74, 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. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same period in the prior year, the business posted $3.06 EPS. Lowe's Companies's quarterly revenue was down 2.0% compared to the same quarter last year. 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 Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 38.11%.

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.