Teza Capital Management LLC Boosts Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Teza Capital Management LLC raised its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 72.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,813 shares of the home improvement retailer's stock after buying an additional 3,690 shares during the period. Teza Capital Management LLC's holdings in Lowe's Companies were worth $2,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LOW. FMR LLC raised its position in Lowe's Companies by 1.0% during the fourth 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 in the last quarter. Geode Capital Management LLC raised its holdings 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 in the last quarter. Norges Bank purchased a new position in shares of Lowe's Companies during the 4th quarter valued at about $1,842,954,000. Northern Trust Corp lifted its position in 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 buying an additional 993,833 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Lowe's Companies by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 4,186,720 shares of the home improvement retailer's stock worth $1,033,283,000 after buying an additional 385,994 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LOW shares. DA Davidson reissued a "neutral" rating and set a $270.00 price target on shares of Lowe's Companies in a research note on Wednesday, April 16th. Bank of America reduced their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Truist Financial reduced their price target on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada dropped their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $276.17.

Lowe's Companies Stock Down 1.5%

Lowe's Companies stock traded down $3.57 during trading hours on Tuesday, hitting $230.86. The stock had a trading volume of 3,456,128 shares, compared to its average volume of 2,515,576. The stock's 50-day moving average price is $224.64 and its 200-day moving average price is $245.42. The stock has a market capitalization of $129.21 billion, a P/E ratio of 19.25, 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 $206.39 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $1.15 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.99%. Lowe's Companies's dividend payout ratio (DPR) is currently 37.67%.

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.