Lowe’s Companies, Inc. (NYSE:LOW) Position Lessened by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 42.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,673 shares of the home improvement retailer’s stock after selling 1,950 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Lowe’s Companies were worth $660,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Sanford C. Bernstein upped their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada decreased their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Finally, Truist Financial dropped their price target on shares of 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. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $279.71.

Lowe’s Companies Price Performance

LOW opened at $231.91 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The company has a market capitalization of $130.95 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.96 and a beta of 1.12. The firm’s fifty day moving average price is $246.76 and its two-hundred day moving average price is $257.53.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.98%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.67%.

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.