St. Johns Investment Management Company LLC Sells 108 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

St. Johns Investment Management Company LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% in the second quarter, HoldingsChannel reports. The firm owned 5,439 shares of the home improvement retailer’s stock after selling 108 shares during the period. St. Johns Investment Management Company LLC’s holdings in Lowe’s Companies were worth $1,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at approximately $24,091,000. GUNN & Co INVESTMENT MANAGEMENT INC. increased its stake in Lowe’s Companies by 1,511.4% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 24,349 shares of the home improvement retailer’s stock valued at $5,419,000 after purchasing an additional 22,838 shares in the last quarter. Bfsg LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $77,000. Atria Wealth Solutions Inc. lifted its stake in shares of Lowe’s Companies by 12.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 36,683 shares of the home improvement retailer’s stock valued at $8,164,000 after buying an additional 4,152 shares in the last quarter. Finally, Callan Capital LLC grew its holdings in shares of Lowe’s Companies by 12.1% during the fourth quarter. Callan Capital LLC now owns 1,448 shares of the home improvement retailer’s stock valued at $322,000 after buying an additional 156 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

LOW traded up $0.49 on Monday, reaching $250.56. The company had a trading volume of 2,790,548 shares, compared to its average volume of 2,539,145. 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 cap of $142.78 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.85 and a beta of 1.07. The business has a 50 day simple moving average of $232.46 and a 200 day simple moving average of $232.93.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion for the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $4.56 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

Analyst Ratings Changes

LOW has been the topic of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Wednesday, August 21st. Telsey Advisory Group restated a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a report on Tuesday, August 20th. Morgan Stanley upped their price target on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Evercore ISI increased their price target on Lowe’s Companies from $225.00 to $250.00 and gave the company an “in-line” rating in a research report on Wednesday, August 21st. Finally, UBS Group lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $254.04.

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.