Lowe's Companies, Inc. (NYSE:LOW) Stock Position Lifted by Capital Management Corp VA

Capital Management Corp VA lifted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,831 shares of the home improvement retailer's stock after acquiring an additional 5,886 shares during the quarter. Capital Management Corp VA's holdings in Lowe's Companies were worth $7,890,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Lowe's Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after purchasing an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after purchasing an additional 259 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Lowe's Companies by 72.7% in the 4th quarter. Proficio Capital Partners LLC now owns 3,429 shares of the home improvement retailer's stock valued at $846,000 after purchasing an additional 1,444 shares during the last quarter. Brooklyn FI LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at approximately $820,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Lowe's Companies in the 4th quarter valued at approximately $220,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on LOW. Citigroup reissued a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a research report on Wednesday, May 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, May 21st. DA Davidson decreased their price objective 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. Wells Fargo & Company decreased their price objective on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Stifel Nicolaus decreased their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $271.12.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies 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 completion of the transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Lowe's Companies Stock Up 0.3%

Shares of LOW traded up $0.56 on Friday, hitting $219.14. 2,399,060 shares of the stock traded hands, compared to its average volume of 2,495,500. The firm has a market capitalization of $122.81 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.07 and a beta of 0.90. The stock's 50 day moving average is $223.61 and its two-hundred day moving average is $233.12. 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 issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The business had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter last year, the firm posted $3.06 EPS. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. Research analysts forecast 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. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.19%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 38.11%.

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.