Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,800 shares of the home improvement retailer’s stock after buying an additional 1,000 shares during the quarter. Pacer Advisors Inc.’s holdings in Lowe’s Companies were worth $8,857,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Lowe’s Companies in the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC grew its position in Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Lowe’s Companies during the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies during the 3rd quarter worth approximately $40,000. Finally, True Wealth Design LLC purchased a new position in Lowe’s Companies during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Stifel Nicolaus lowered their price objective on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Citigroup lifted their price objective on shares of Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Truist Financial lifted their price objective on shares of Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus target price of $251.60.

Lowe’s Companies Stock Up 0.8 %

NYSE LOW opened at $253.33 on Thursday. The stock has a market cap of $145.69 billion, a P/E ratio of 19.22, a PEG ratio of 1.88 and a beta of 1.13. The company’s 50-day simple moving average is $231.47 and its 200 day simple moving average is $215.72. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.28 earnings per share. Research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.74%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

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.