Lowe’s Companies, Inc. (NYSE:LOW) Position Reduced by Skba Capital Management LLC

Skba Capital Management LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,530 shares of the home improvement retailer’s stock after selling 1,250 shares during the quarter. Skba Capital Management LLC’s holdings in Lowe’s Companies were worth $6,548,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LOW. Partners in Financial Planning acquired a new stake in Lowe’s Companies during the 4th quarter valued at $579,000. Clearbridge Investments LLC grew its holdings in shares of Lowe’s Companies by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 324,318 shares of the home improvement retailer’s stock valued at $80,042,000 after buying an additional 985 shares in the last quarter. United Bank raised its position in Lowe’s Companies by 10.0% during the fourth quarter. United Bank now owns 11,113 shares of the home improvement retailer’s stock valued at $2,743,000 after buying an additional 1,014 shares during the period. BlueChip Wealth Advisors LLC lifted its stake in Lowe’s Companies by 30.1% in the 4th quarter. BlueChip Wealth Advisors LLC now owns 985 shares of the home improvement retailer’s stock worth $243,000 after acquiring an additional 228 shares in the last quarter. Finally, Allianz SE acquired a new stake in Lowe’s Companies during the 4th quarter worth about $9,153,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.7 %

Shares of NYSE LOW opened at $228.20 on Monday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market cap of $127.73 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.96 and a beta of 1.12. The business’s 50 day moving average is $245.57 and its two-hundred day moving average is $257.38.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $18.29 billion. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. 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. Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Mizuho decreased their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Finally, Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

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.