Tidal Investments LLC Grows Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Tidal Investments LLC raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,486 shares of the home improvement retailer's stock after purchasing an additional 2,179 shares during the quarter. Tidal Investments LLC's holdings in Lowe's Companies were worth $11,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new stake in shares of Lowe's Companies during the fourth quarter worth $31,000. Caisse Des Depots ET Consignations purchased a new stake in Lowe's Companies in the 4th quarter valued at about $33,000. Measured Risk Portfolios Inc. purchased a new position in shares of Lowe's Companies during the fourth quarter worth approximately $42,000. Millstone Evans Group LLC bought a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $44,000. Finally, Financial Life Planners bought a new position in Lowe's Companies in the fourth quarter worth approximately $45,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LOW. Mizuho decreased their price objective on Lowe's Companies from $300.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Truist Financial increased their target price on Lowe's Companies from $258.00 to $264.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Bank of America decreased their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note 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's stock. According to MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target of $273.04.

Lowe's Companies Stock Performance

NYSE LOW traded down $3.63 during mid-day trading on Thursday, reaching $223.74. 3,116,717 shares of the stock were exchanged, compared to its average volume of 2,514,562. The business's 50 day moving average is $224.69 and its 200-day moving average is $245.29. The company has a market capitalization of $125.23 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.96 and a beta of 1.00. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Lowe's Companies's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.06 EPS. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share 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 issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.06%. Lowe's Companies's dividend payout ratio is currently 37.67%.

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.