International Assets Investment Management LLC Invests $24.09 Million in Lowe’s Companies, Inc. (NYSE:LOW)

International Assets Investment Management LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 108,250 shares of the home improvement retailer’s stock, valued at approximately $24,091,000.

A number of other institutional investors have also recently made changes to their positions in the business. Bailard Inc. boosted its stake in Lowe’s Companies by 3.0% in the 3rd quarter. Bailard Inc. now owns 7,138 shares of the home improvement retailer’s stock worth $1,484,000 after purchasing an additional 211 shares in the last quarter. Strategic Investment Advisors MI acquired a new stake in shares of Lowe’s Companies during the third quarter worth $225,000. Intellectus Partners LLC grew its holdings in shares of Lowe’s Companies by 112.1% during the third quarter. Intellectus Partners LLC now owns 2,055 shares of the home improvement retailer’s stock valued at $427,000 after buying an additional 1,086 shares during the last quarter. Sage Mountain Advisors LLC increased its position in shares of Lowe’s Companies by 59.0% in the 3rd quarter. Sage Mountain Advisors LLC now owns 3,103 shares of the home improvement retailer’s stock valued at $645,000 after acquiring an additional 1,152 shares during the period. Finally, Sawyer & Company Inc raised its stake in Lowe’s Companies by 4.9% in the 3rd quarter. Sawyer & Company Inc now owns 3,942 shares of the home improvement retailer’s stock worth $819,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Piper Sandler lifted their price objective on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Lowe’s Companies in a report on Monday, March 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a report on Wednesday, March 27th. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $252.52.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $232.16 on Friday. The stock has a market capitalization of $132.84 billion, a P/E ratio of 17.64, a PEG ratio of 1.68 and a beta of 1.15. The business has a 50 day simple moving average of $240.08 and a two-hundred day simple moving average of $220.52. 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 posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating 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 firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the company earned $2.28 EPS. The firm’s revenue was down 17.1% compared to the same quarter last year. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm 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 $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. Lowe’s Companies’s payout ratio is 33.43%.

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.