Edmond DE Rothschild Holding S.A. Has $2.82 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Edmond DE Rothschild Holding S.A. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,647 shares of the home improvement retailer’s stock after buying an additional 538 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Lowe’s Companies were worth $2,815,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LOW. Wetzel Investment Advisors Inc. acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $25,000. Orion Capital Management LLC acquired a new stake in Lowe’s Companies in the third quarter valued at $26,000. Tidemark LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at $27,000. VisionPoint Advisory Group LLC increased its holdings in Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Lowe’s Companies in the fourth quarter valued at $33,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LOW shares. Zelman & Associates restated a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a report on Tuesday, April 2nd. Truist Financial decreased their price objective on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. UBS Group increased their price objective on Lowe’s Companies from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, May 21st. Finally, Oppenheimer reiterated a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a report on Monday, March 4th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $251.33.

Check Out Our Latest Analysis on Lowe’s Companies

Lowe’s Companies Trading Down 0.8 %

NYSE LOW traded down $1.78 during trading hours on Wednesday, hitting $213.59. The company’s stock had a trading volume of 168,743 shares, compared to its average volume of 2,431,888. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The company has a market capitalization of $122.21 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.65 and a beta of 1.15. The company’s 50-day simple moving average is $235.22 and its two-hundred day simple moving average is $225.55.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The business had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter last year, the firm earned $3.67 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $4.40 annualized dividend and a yield of 2.06%. Lowe’s Companies’s payout ratio is 35.34%.

Lowe’s Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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