Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,276 shares of the home improvement retailer’s stock after purchasing an additional 1,937 shares during the period. Citizens Financial Group Inc. RI’s holdings in Lowe’s Companies were worth $2,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC raised its position in shares of Lowe’s Companies by 85.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth about $40,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LOW shares. Wedbush increased their price objective on shares of Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Piper Sandler increased their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Gordon Haskett reiterated a “hold” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Royal Bank of Canada increased their price objective on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Finally, Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, February 14th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Stock Down 0.0 %

Lowe’s Companies stock traded down $0.09 during mid-day trading on Friday, reaching $229.87. 2,001,196 shares of the company’s stock were exchanged, compared to its average volume of 2,110,073. The company has a market cap of $131.53 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The company has a fifty day moving average of $239.98 and a 200-day moving average of $219.70.

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

Lowe’s Companies Dividend Announcement

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

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.