Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,055 shares of the home improvement retailer’s stock after selling 747 shares during the period. Lowe’s Companies makes up approximately 1.9% of Forte Capital LLC ADV’s investment portfolio, making the stock its 17th largest position. Forte Capital LLC ADV’s holdings in Lowe’s Companies were worth $13,810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Simon Quick Advisors LLC increased its position in Lowe’s Companies by 22.9% during the third quarter. Simon Quick Advisors LLC now owns 1,225 shares of the home improvement retailer’s stock worth $255,000 after purchasing an additional 228 shares during the last quarter. Legacy Financial Group LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $71,000. Bailard Inc. raised its position in shares of Lowe’s Companies by 3.0% during the 3rd quarter. Bailard Inc. now owns 7,138 shares of the home improvement retailer’s stock valued at $1,484,000 after buying an additional 211 shares during the period. Mn Services Vermogensbeheer B.V. lifted its holdings in Lowe’s Companies by 1.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 290,545 shares of the home improvement retailer’s stock valued at $60,387,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in Lowe’s Companies by 0.4% in the third quarter. Brown Advisory Inc. now owns 761,225 shares of the home improvement retailer’s stock worth $158,213,000 after acquiring an additional 2,668 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of LOW traded up $2.55 during midday trading on Friday, reaching $232.13. 1,834,728 shares of the stock were exchanged, compared to its average volume of 2,044,726. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The company has a market capitalization of $132.82 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.72 and a beta of 1.15. The business’s 50-day moving average price is $240.07 and its 200 day moving average price is $220.75.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate 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 negative return on equity of 51.42% and a net margin of 8.94%. The firm’s revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 earnings per share. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOW. Truist Financial boosted their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Piper Sandler boosted their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Wedbush increased their price objective on shares of Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus reduced their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and a consensus target price of $252.52.

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.