133 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 133 shares of the home improvement retailer’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOW. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $27,000. IFS Advisors LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $31,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $44,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Truist Financial dropped their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Piper Sandler dropped their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Stock Down 1.7 %

NYSE LOW opened at $228.20 on Friday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The business’s fifty day moving average is $245.57 and its 200 day moving average is $257.24. The company has a market cap of $127.73 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

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, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe’s Companies’s payout ratio is currently 37.67%.

About Lowe’s Companies

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.