3,064 Shares in Lowe's Companies, Inc. (NYSE:LOW) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,064 shares of the home improvement retailer's stock, valued at approximately $756,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Invst LLC bought a new position in Lowe's Companies in the third quarter valued at approximately $255,000. Virtu Financial LLC increased its stake in Lowe's Companies by 66.1% in the third quarter. Virtu Financial LLC now owns 5,474 shares of the home improvement retailer's stock valued at $1,483,000 after acquiring an additional 2,178 shares during the last quarter. Tudor Financial Inc. bought a new position in Lowe's Companies in the third quarter valued at approximately $1,877,000. Anchor Investment Management LLC increased its stake in Lowe's Companies by 2.6% in the third quarter. Anchor Investment Management LLC now owns 45,537 shares of the home improvement retailer's stock valued at $12,334,000 after acquiring an additional 1,161 shares during the last quarter. Finally, World Investment Advisors LLC grew its stake in shares of Lowe's Companies by 7.6% during the third quarter. World Investment Advisors LLC now owns 23,714 shares of the home improvement retailer's stock worth $6,423,000 after buying an additional 1,670 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Down 0.4 %

Shares of NYSE:LOW traded down $0.83 during midday trading on Thursday, reaching $222.74. 796,785 shares of the company traded hands, compared to its average volume of 2,473,646. 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 capitalization of $124.67 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The firm's fifty day moving average price is $228.01 and its two-hundred day moving average price is $249.88.

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

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, April 23rd. Lowe's Companies's payout ratio is 37.67%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. DA Davidson reaffirmed a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a research note on Wednesday, April 16th. Mizuho cut their price target on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Piper Sandler dropped their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a report on Tuesday, April 15th. Finally, KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price objective on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $278.21.

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.