Runnymede Capital Advisors Inc. Buys New Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Runnymede Capital Advisors Inc. bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 213 shares of the home improvement retailer’s stock, valued at approximately $53,000.

A number of other large investors also recently added to or reduced their stakes in LOW. FMR LLC raised its position in Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the period. Raymond James Financial Inc. acquired a new position in Lowe’s Companies during the fourth quarter worth $314,435,000. Strategic Financial Concepts LLC raised its position in Lowe’s Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after acquiring an additional 1,223,116 shares during the period. Amundi raised its position in Lowe’s Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after acquiring an additional 976,823 shares during the period. Finally, Proficio Capital Partners LLC raised its position in Lowe’s Companies by 42,529.8% during the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock worth $208,843,000 after acquiring an additional 844,217 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research reports. Sanford C. Bernstein upped their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, February 26th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Mizuho dropped their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Truist Financial dropped their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Stock Performance

Shares of LOW opened at $227.09 on Friday. The stock has a market capitalization of $128.23 billion, a PE ratio of 18.94, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company’s 50-day simple moving average is $247.99 and its 200-day simple moving average is $257.79.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for 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, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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 given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.03%. Lowe’s Companies’s dividend payout ratio is presently 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.