Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,417 shares of the home improvement retailer’s stock after selling 445 shares during the quarter. Scotia Capital Inc.’s holdings in Lowe’s Companies were worth $843,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LOW. IFS Advisors LLC acquired a new stake in Lowe’s Companies during the 4th quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $31,000. Winch Advisory Services LLC grew its stake in shares of Lowe’s Companies by 56.4% during the fourth 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 in the last quarter. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth about $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Piper Sandler dropped their price objective 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. Royal Bank of Canada dropped their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Truist Financial cut their price target on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Mizuho decreased their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Bank of America cut their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $278.74.

Lowe’s Companies Trading Down 0.5 %

Shares of NYSE LOW opened at $220.11 on Monday. Lowe’s Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a market cap of $123.20 billion, a PE ratio of 18.36, a P/E/G ratio of 1.96 and a beta of 1.07. The stock has a 50 day simple moving average of $236.25 and a 200-day simple moving average of $254.29.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

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.