ProShare Advisors LLC Has $191.08 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

ProShare Advisors LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.4% in the fourth quarter, Holdings Channel reports. The fund owned 774,239 shares of the home improvement retailer’s stock after selling 61,841 shares during the quarter. ProShare Advisors LLC’s holdings in Lowe’s Companies were worth $191,082,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its position in Lowe’s Companies by 176.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 196 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 125 shares during the period. Cooper Financial Group increased its stake in Lowe’s Companies by 20.0% during the 4th quarter. Cooper Financial Group now owns 1,511 shares of the home improvement retailer’s stock valued at $373,000 after purchasing an additional 252 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Lowe’s Companies by 11.4% during the 4th quarter. AdvisorNet Financial Inc now owns 6,416 shares of the home improvement retailer’s stock valued at $1,583,000 after purchasing an additional 657 shares in the last quarter. BCS Wealth Management bought a new stake in Lowe’s Companies during the 4th quarter valued at $476,000. Finally, Wynn Capital LLC increased its stake in Lowe’s Companies by 1.4% during the 4th quarter. Wynn Capital LLC now owns 3,604 shares of the home improvement retailer’s stock valued at $890,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $228.11 on Thursday. The firm has a market cap of $127.67 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Lowe’s Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The business has a 50 day moving average price of $224.50 and a 200-day moving average price of $246.38.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Analyst Ratings Changes

A number of equities analysts have issued reports on LOW shares. Royal Bank of Canada cut their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Bank of America dropped their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research report on Wednesday, April 16th. Finally, Truist Financial decreased their price target on Lowe’s Companies from $295.00 to $258.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $277.00.

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.