Campbell Capital Management Inc. Sells 23,150 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Key Points

• Campbell Capital Management Inc. reduced its stake in Lowe's Companies by 93.5%, now holding only 1,600 shares, which represents 0.2% of its total holdings.
• Lowe's recently declared a quarterly dividend of $1.20 per share, up from the previous $1.15, indicating a stable return for investors.
• Analysts have mixed ratings on Lowe's stock, with 17 buy ratings and an average price target of $270.68, suggesting a positive outlook despite recent challenges.

Campbell Capital Management Inc. lowered its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 93.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,600 shares of the home improvement retailer's stock after selling 23,150 shares during the quarter. Lowe's Companies comprises about 0.2% of Campbell Capital Management Inc.'s investment portfolio, making the stock its 24th largest position. Campbell Capital Management Inc.'s holdings in Lowe's Companies were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Gen Wealth Partners Inc increased its holdings in Lowe's Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock valued at $534,000 after purchasing an additional 40 shares during the last quarter. Peachtree Investment Partners LLC increased its stake in Lowe's Companies by 3.4% during 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. Second Line Capital LLC increased its position in shares of Lowe's Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after acquiring an additional 44 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Lowe's Companies by 0.8% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after purchasing an additional 47 shares during the period. Finally, Fielder Capital Group LLC lifted its stake in Lowe's Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial set a $264.00 price objective on Lowe's Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird dropped their price target on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their target price on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. DA Davidson decreased their price objective on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Finally, Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $270.68.

Lowe's Companies Price Performance

NYSE:LOW traded up $2.81 during trading hours on Friday, hitting $241.37. The company's stock had a trading volume of 2,746,101 shares, compared to its average volume of 2,652,532. The company has a market capitalization of $135.27 billion, a P/E ratio of 20.00, a PEG ratio of 2.25 and a beta of 0.89. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The stock has a fifty day simple moving average of $224.08 and a 200-day simple moving average of $231.12.

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

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a $1.20 dividend. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, July 23rd. Lowe's Companies's payout ratio is presently 39.77%.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company's stock in a transaction on 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 directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

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.