Sava Infond d.o.o. Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Sava Infond d.o.o. acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,930 shares of the home improvement retailer’s stock, valued at approximately $1,710,000.

Several other institutional investors also recently modified their holdings of the stock. IFS Advisors LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the third quarter worth $27,000. Winch Advisory Services LLC increased its stake 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 valued at $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $31,000. Finally, Millstone Evans Group LLC bought a new stake in Lowe’s Companies during the fourth quarter worth about $44,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Up 0.5 %

Shares of Lowe’s Companies stock opened at $231.91 on Thursday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The company has a market cap of $130.95 billion, a P/E ratio of 19.34, a PEG ratio of 1.96 and a beta of 1.12. The company’s fifty day simple moving average is $246.76 and its two-hundred day simple moving average is $257.53.

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

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 1.98%. Lowe’s Companies’s payout ratio is 37.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on LOW shares. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, February 26th. Truist Financial reduced their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Piper Sandler decreased 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 research report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $279.71.

Lowe’s Companies 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.