Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 77.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,035 shares of the home improvement retailer's stock after selling 189,292 shares during the quarter. Marshall Wace LLP's holdings in Lowe's Companies were worth $13,583,000 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. Klingenstein Fields & Co. LP raised its stake in Lowe's Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after acquiring an additional 39 shares in the last quarter. Saxony Capital Management LLC boosted its position in shares of Lowe's Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after purchasing an additional 40 shares during the period. Powers Advisory Group LLC grew its stake in Lowe's Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after buying an additional 40 shares during the last quarter. Cordatus Wealth Management LLC lifted its stake in Lowe's Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer's stock valued at $3,705,000 after buying an additional 41 shares during the last quarter. Finally, O Brien Greene & Co. Inc boosted its holdings in shares of Lowe's Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock valued at $715,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Tuesday, April 15th. Piper Sandler dropped their target price on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. DA Davidson reissued a "neutral" rating and issued a $270.00 price objective on shares of Lowe's Companies in a research note on Wednesday, April 16th. Finally, Bank of America reduced their target price on shares of 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 analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $278.21.

Lowe's Companies Stock Performance

Lowe's Companies stock traded down $1.10 during midday trading on Friday, reaching $220.95. 1,493,675 shares of the company were exchanged, compared to its average volume of 2,475,650. The company has a market capitalization of $123.67 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.96 and a beta of 1.07. The firm's 50-day simple moving average is $229.29 and its 200-day simple moving average is $250.97. 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 posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio 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.