Lowe’s Companies, Inc. (NYSE:LOW) Holdings Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 24.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,900 shares of the home improvement retailer’s stock after buying an additional 8,500 shares during the quarter. Two Sigma Advisers LP’s holdings in Lowe’s Companies were worth $10,588,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LOW. Simon Quick Advisors LLC boosted its stake in Lowe’s Companies by 17.4% during the fourth quarter. Simon Quick Advisors LLC now owns 3,014 shares of the home improvement retailer’s stock valued at $744,000 after buying an additional 447 shares in the last quarter. Advisory Alpha LLC boosted its stake in Lowe’s Companies by 5.5% during the fourth quarter. Advisory Alpha LLC now owns 3,740 shares of the home improvement retailer’s stock valued at $923,000 after buying an additional 194 shares in the last quarter. True North Advisors LLC boosted its stake in Lowe’s Companies by 90.5% during the fourth quarter. True North Advisors LLC now owns 2,349 shares of the home improvement retailer’s stock valued at $580,000 after buying an additional 1,116 shares in the last quarter. Mutual Advisors LLC boosted its stake in Lowe’s Companies by 1.5% during the fourth quarter. Mutual Advisors LLC now owns 11,531 shares of the home improvement retailer’s stock valued at $2,984,000 after buying an additional 169 shares in the last quarter. Finally, D.B. Root & Company LLC boosted its stake in Lowe’s Companies by 7.0% during the fourth quarter. D.B. Root & Company LLC now owns 828 shares of the home improvement retailer’s stock valued at $204,000 after buying an additional 54 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $223.74 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The business has a 50-day moving average of $224.65 and a 200-day moving average of $245.01. The company has a market capitalization of $125.23 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. During the same period last year, the business earned $3.06 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was 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 recently weighed in on the company. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target for the company in a research report on Friday, April 25th. Piper Sandler decreased their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Truist Financial increased their price target on Lowe’s Companies from $258.00 to $264.00 and gave the company a “buy” rating in a research report on Thursday. Finally, DA Davidson decreased their price target on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $273.04.

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.