Kapitalo Investimentos Ltda Purchases Shares of 717 Lowe’s Companies, Inc. (NYSE:LOW)

Kapitalo Investimentos Ltda acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 717 shares of the home improvement retailer’s stock, valued at approximately $177,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFS Advisors LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at about $25,000. Winch Advisory Services LLC raised its stake in shares of 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 valued at $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe’s Companies during the 4th quarter worth approximately $33,000. Finally, Millstone Evans Group LLC bought a new position in Lowe’s Companies in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research reports. DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, April 16th. Piper Sandler lowered their target price on shares of Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. KeyCorp raised shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target on the stock in a research report on Friday, April 25th. Truist Financial decreased their price objective on shares of Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $278.21.

Lowe’s Companies Stock Up 1.0 %

LOW stock opened at $223.36 on Wednesday. Lowe’s Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The business has a 50-day simple moving average of $228.32 and a 200 day simple moving average of $250.06. The company has a market cap of $125.02 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations 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, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS 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 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.06%. Lowe’s Companies’s dividend payout ratio (DPR) 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.