Fi3 FINANCIAL ADVISORS LLC Cuts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Fi3 FINANCIAL ADVISORS LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,322 shares of the home improvement retailer’s stock after selling 71 shares during the quarter. Fi3 FINANCIAL ADVISORS LLC’s holdings in Lowe’s Companies were worth $294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board increased its position in Lowe’s Companies by 187,225.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,111,159 shares of the home improvement retailer’s stock valued at $438,783,000 after buying an additional 2,110,032 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Lowe’s Companies in the 4th quarter worth approximately $430,090,000. Schroder Investment Management Group grew its position in Lowe’s Companies by 189.5% during the 3rd quarter. Schroder Investment Management Group now owns 2,798,268 shares of the home improvement retailer’s stock worth $581,592,000 after purchasing an additional 1,831,727 shares during the last quarter. Aristotle Capital Management LLC increased its stake in Lowe’s Companies by 143.8% during the 3rd quarter. Aristotle Capital Management LLC now owns 1,361,716 shares of the home improvement retailer’s stock valued at $283,019,000 after purchasing an additional 803,216 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth $144,530,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW traded up $2.55 on Friday, reaching $232.13. 1,834,728 shares of the company’s 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 stock has a market cap of $132.82 billion, a PE ratio of 17.64, a P/E/G ratio of 1.70 and a beta of 1.15. The stock’s fifty day moving average price is $240.07 and its 200-day moving average price is $220.75.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the previous year, the firm posted $2.28 EPS. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LOW. DA Davidson reissued a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a report on Wednesday, March 27th. Piper Sandler lifted their target price on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. raised their price target on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Gordon Haskett reaffirmed a “hold” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Fifteen 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, Lowe’s Companies currently has a consensus rating of “Hold” and an average price target of $252.52.

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.