Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,608 shares of the home improvement retailer's stock after selling 2,992 shares during the period. Public Employees Retirement Association of Colorado's holdings in Lowe's Companies were worth $18,660,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mendel Capital Management LLC increased its stake in Lowe's Companies by 6.6% in the 4th quarter. Mendel Capital Management LLC now owns 1,462 shares of the home improvement retailer's stock worth $361,000 after buying an additional 91 shares during the period. Prosperity Consulting Group LLC increased its stake in Lowe's Companies by 2.1% in the 4th quarter. Prosperity Consulting Group LLC now owns 3,419 shares of the home improvement retailer's stock worth $844,000 after buying an additional 69 shares during the period. Oxford Asset Management LLP purchased a new position in Lowe's Companies in the 4th quarter worth about $756,000. Boothbay Fund Management LLC increased its stake in Lowe's Companies by 42.9% in the 4th quarter. Boothbay Fund Management LLC now owns 30,365 shares of the home improvement retailer's stock worth $7,494,000 after buying an additional 9,117 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Lowe's Companies by 3.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 16,989 shares of the home improvement retailer's stock worth $4,193,000 after buying an additional 571 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Down 0.5 %

LOW traded down $1.06 during midday trading on Thursday, hitting $222.50. 2,067,821 shares of the company were exchanged, compared to its average volume of 2,481,583. The company's 50 day simple moving average is $228.01 and its 200 day simple moving average is $249.88. The firm has a market capitalization of $124.53 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. 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 announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The company 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, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is currently 37.67%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. KeyCorp upgraded shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target for the company in a report on Friday, April 25th. Bank of America cut their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. DA Davidson restated a "neutral" rating and set a $270.00 target price on shares of Lowe's Companies in a report on Wednesday, April 16th. Finally, Truist Financial lowered their target price on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $278.21.

Lowe's Companies Company 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.