Natixis Makes New $12.76 Million Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Natixis acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 51,696 shares of the home improvement retailer’s stock, valued at approximately $12,759,000.

Other hedge funds also recently made changes to their positions in the company. IFS Advisors LLC bought a new position in Lowe’s Companies in the 4th quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies in the 4th quarter worth about $31,000. Winch Advisory Services LLC raised its position in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing 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 fourth quarter valued at about $33,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $44,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America reduced their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Truist Financial cut their price objective 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Tuesday, April 15th. 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 on the stock in a research report on Thursday, February 27th. Finally, Piper Sandler reduced their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $278.74.

Lowe’s Companies Stock Up 2.1 %

Shares of NYSE LOW opened at $219.01 on Friday. The company has a market cap of $122.58 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.07. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The business has a 50-day simple moving average of $232.59 and a two-hundred day simple moving average of $252.62.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.10%. 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.