Rafferty Asset Management LLC Has $13.22 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Rafferty Asset Management LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 51,149 shares of the home improvement retailer’s stock after selling 1,706 shares during the period. Rafferty Asset Management LLC’s holdings in Lowe’s Companies were worth $13,221,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Trust Investment Advisors raised its holdings in Lowe’s Companies by 0.9% in the fourth quarter. Trust Investment Advisors now owns 4,702 shares of the home improvement retailer’s stock worth $1,215,000 after purchasing an additional 43 shares during the period. Avidian Wealth Solutions LLC raised its holdings in Lowe’s Companies by 1.1% in the third quarter. Avidian Wealth Solutions LLC now owns 4,130 shares of the home improvement retailer’s stock worth $838,000 after purchasing an additional 45 shares during the period. YHB Investment Advisors Inc. raised its holdings in Lowe’s Companies by 0.5% in the fourth quarter. YHB Investment Advisors Inc. now owns 9,802 shares of the home improvement retailer’s stock worth $2,534,000 after purchasing an additional 45 shares during the period. Fieldpoint Private Securities LLC raised its holdings in Lowe’s Companies by 1.0% in the third quarter. Fieldpoint Private Securities LLC now owns 4,532 shares of the home improvement retailer’s stock worth $919,000 after purchasing an additional 46 shares during the period. Finally, Assetmark Inc. raised its holdings in Lowe’s Companies by 0.5% in the third quarter. Assetmark Inc. now owns 9,970 shares of the home improvement retailer’s stock worth $2,022,000 after purchasing an additional 47 shares during the period. 75.46% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE LOW traded up $0.91 during mid-day trading on Thursday, reaching $188.68. 126,693 shares of the company were exchanged, compared to its average volume of 4,119,552. Lowe’s Companies, Inc. has a twelve month low of $182.08 and a twelve month high of $263.31. The company’s 50-day simple moving average is $210.39 and its 200-day simple moving average is $229.77. The stock has a market capitalization of $124.74 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.15 and a beta of 1.25.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The home improvement retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. Lowe’s Companies had a net margin of 8.77% and a negative return on equity of 551.52%. The business had revenue of $21.34 billion during the quarter, compared to analysts’ expectations of $20.91 billion. During the same quarter in the previous year, the company earned $1.33 EPS. The business’s revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that Lowe’s Companies, Inc. will post 13.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 4th. Shareholders of record on Wednesday, April 20th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, April 19th. Lowe’s Companies’s dividend payout ratio (DPR) is 26.73%.

LOW has been the topic of several analyst reports. Telsey Advisory Group increased their target price on shares of Lowe’s Companies from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, February 24th. Piper Sandler lowered their price objective on shares of Lowe’s Companies from $267.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. OTR Global downgraded shares of Lowe’s Companies to a “positive” rating in a research report on Tuesday. Wedbush lowered their price objective on shares of Lowe’s Companies from $260.00 to $240.00 in a research report on Thursday, February 24th. Finally, Morgan Stanley raised their target price on shares of Lowe’s Companies from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Buy” and a consensus price target of $260.80.

About Lowe’s Companies (Get Rating)

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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