Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Sapient Capital LLC

Sapient Capital LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,707 shares of the home improvement retailer’s stock after selling 316 shares during the quarter. Sapient Capital LLC’s holdings in Lowe’s Companies were worth $944,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies during the third quarter worth $26,000. Tidemark LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $28,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock traded down $3.02 during mid-day trading on Tuesday, hitting $227.92. 2,435,258 shares of the stock were exchanged, compared to its average volume of 2,494,747. The stock’s fifty day simple moving average is $240.11 and its two-hundred day simple moving average is $220.41. The stock has a market capitalization of $130.41 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.70 and a beta of 1.13. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.28 earnings per share. On average, research analysts expect 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. Shareholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler raised their price target on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Truist Financial increased their price objective on Lowe’s Companies from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Robert W. Baird upgraded Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research note on Wednesday, February 14th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Fifteen research 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 presently has a consensus rating of “Hold” and an average price target of $252.52.

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.