Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,248,331 shares of the home improvement retailer’s stock after selling 384,858 shares during the period. Nuveen Asset Management LLC’s holdings in Lowe’s Companies were worth $801,688,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. IFS Advisors LLC acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $31,000. Winch Advisory Services LLC increased its holdings in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $33,000. Finally, Measured Risk Portfolios Inc. bought a new position in Lowe’s Companies during the fourth quarter worth $42,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LOW. JPMorgan Chase & Co. decreased their price objective on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Piper Sandler reduced their price target on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. DA Davidson reaffirmed a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 16th. Morgan Stanley dropped their price objective on shares of Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $278.04.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $230.62 on Wednesday. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The business’s fifty day moving average price is $224.80 and its two-hundred day moving average price is $246.50. The company has a market capitalization of $129.08 billion, a P/E ratio of 19.23, a PEG ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The company 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%. On average, research 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 business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.99%. Lowe’s Companies’s dividend payout ratio (DPR) is 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.