1,831 Shares in Lowe's Companies, Inc. (NYSE:LOW) Purchased by Advisor Resource Council

Advisor Resource Council acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,831 shares of the home improvement retailer's stock, valued at approximately $419,000.

Several other hedge funds have also bought and sold shares of LOW. Gen Wealth Partners Inc boosted its holdings in shares of Lowe's Companies by 1.9% in the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock valued at $534,000 after buying an additional 40 shares in the last quarter. FFT Wealth Management LLC boosted its stake in Lowe's Companies by 3.1% in the 4th quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer's stock worth $340,000 after purchasing an additional 42 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in Lowe's Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 3,166 shares of the home improvement retailer's stock worth $781,000 after purchasing an additional 42 shares in the last quarter. Peachtree Investment Partners LLC boosted its stake in Lowe's Companies by 3.4% in the 4th quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer's stock worth $317,000 after purchasing an additional 42 shares in the last quarter. Finally, Second Line Capital LLC boosted its stake in Lowe's Companies by 0.9% in the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on LOW shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, May 21st. BNP Paribas upgraded shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Royal Bank Of Canada lowered their target price on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. Piper Sandler lowered their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, DA Davidson reduced their price target on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Lowe's Companies Stock Performance

Lowe's Companies stock opened at $212.40 on Monday. The company's fifty day moving average price is $223.03 and its 200 day moving average price is $237.56. The stock has a market capitalization of $119.04 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.01 and a beta of 0.92. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS. Sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.26%. Lowe's Companies's payout ratio is presently 38.11%.

Lowe's Companies Company 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.

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