Lowe’s Companies, Inc. (NYSE:LOW) Stake Increased by Bogart Wealth LLC

Bogart Wealth LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,676 shares of the home improvement retailer’s stock after buying an additional 73 shares during the quarter. Bogart Wealth LLC’s holdings in Lowe’s Companies were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its position in Lowe’s Companies by 1.1% during the third quarter. Morgan Stanley now owns 10,930,693 shares of the home improvement retailer’s stock valued at $2,271,836,000 after purchasing an additional 116,855 shares during the last quarter. Northern Trust Corp grew its stake in shares of Lowe’s Companies by 1.1% in the 3rd quarter. Northern Trust Corp now owns 7,138,824 shares of the home improvement retailer’s stock valued at $1,483,733,000 after buying an additional 78,901 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lowe’s Companies by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,211,131 shares of the home improvement retailer’s stock worth $714,637,000 after buying an additional 41,451 shares during the last quarter. Schroder Investment Management Group raised its position in Lowe’s Companies by 189.5% during the third quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock valued at $581,592,000 after acquiring an additional 1,831,727 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in Lowe’s Companies by 187,225.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after acquiring an additional 2,110,032 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded up $0.61 during midday trading on Wednesday, reaching $232.07. The company’s stock had a trading volume of 1,674,512 shares, compared to its average volume of 2,444,876. The business’s fifty day simple moving average is $240.00 and its 200-day simple moving average is $221.68. The company has a market capitalization of $132.79 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.72 and a beta of 1.15. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

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

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is 33.43%.

Wall Street Analyst Weigh In

LOW has been the topic of several analyst reports. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group raised their target price on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Piper Sandler upped their price target on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Evercore ISI cut their price objective on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price on Lowe’s Companies from $190.00 to $246.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $252.67.

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.