State of New Jersey Common Pension Fund D Sells 7,951 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

State of New Jersey Common Pension Fund D decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 328,017 shares of the home improvement retailer’s stock after selling 7,951 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Lowe’s Companies worth $73,000,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Syon Capital LLC grew its stake in shares of Lowe’s Companies by 23.3% in the 4th quarter. Syon Capital LLC now owns 7,129 shares of the home improvement retailer’s stock valued at $1,587,000 after buying an additional 1,345 shares in the last quarter. Meritage Portfolio Management grew its stake in shares of Lowe’s Companies by 1.6% in the 4th quarter. Meritage Portfolio Management now owns 20,653 shares of the home improvement retailer’s stock valued at $4,596,000 after buying an additional 328 shares in the last quarter. Lyell Wealth Management LP grew its stake in shares of Lowe’s Companies by 107.7% in the 4th quarter. Lyell Wealth Management LP now owns 4,533 shares of the home improvement retailer’s stock valued at $1,009,000 after buying an additional 2,350 shares in the last quarter. GHE LLC grew its stake in shares of Lowe’s Companies by 0.8% in the 4th quarter. GHE LLC now owns 24,286 shares of the home improvement retailer’s stock valued at $5,405,000 after buying an additional 190 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Lowe’s Companies by 2.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,875 shares of the home improvement retailer’s stock worth $2,865,000 after purchasing an additional 338 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.0 %

Lowe’s Companies stock traded down $0.09 during mid-day trading on Friday, hitting $229.87. 1,970,953 shares of the company were exchanged, compared to its average volume of 2,507,264. The business has a fifty day moving average of $239.92 and a 200 day moving average of $219.50. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The company has a market capitalization of $131.53 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period in the prior year, the company posted $2.28 earnings per share. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. Research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is presently 33.43%.

Analyst Ratings Changes

A number of brokerages have issued reports on LOW. Telsey Advisory Group reaffirmed a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. Wedbush upped their target price on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Piper Sandler upped their target price on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company upped their price target on Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $252.52.

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.