Lake Street Advisors Group LLC Sells 196 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Lake Street Advisors Group LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,969 shares of the home improvement retailer’s stock after selling 196 shares during the period. Lake Street Advisors Group LLC’s holdings in Lowe’s Companies were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LOW. Tidemark LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at $28,000. Keener Financial Planning LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter valued at $35,000. Transcendent Capital Group LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth $31,000. Finally, Stephens Consulting LLC lifted its stake in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.1 %

Lowe’s Companies stock opened at $243.78 on Friday. The company has a 50 day moving average of $236.53 and a 200-day moving average of $234.09. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The stock has a market capitalization of $138.91 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.14. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. During the same period in the prior year, the business earned $4.56 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.94 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, October 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio (DPR) is currently 36.95%.

Analyst Ratings Changes

A number of brokerages recently commented on LOW. Stifel Nicolaus lifted their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Truist Financial boosted their price target on shares of Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, August 21st. DA Davidson lowered their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Finally, Wells Fargo & Company cut their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $252.83.

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.