Curat Global LLC Purchases New Position in Lowe's Companies, Inc. (NYSE:LOW)

Curat Global LLC acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,275 shares of the home improvement retailer's stock, valued at approximately $764,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies during the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in Lowe's Companies during the 4th quarter valued at $31,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies during the fourth quarter worth $33,000. Orion Capital Management LLC bought a new position in shares of Lowe's Companies in the fourth quarter worth $36,000. Finally, IFS Advisors LLC boosted its holdings in shares of Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 60 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president now directly owns 31,898 shares in the company, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Lowe's Companies Stock Performance

LOW traded down $2.24 during midday trading on Friday, hitting $225.35. The stock had a trading volume of 2,216,796 shares, compared to its average volume of 2,520,330. Lowe's Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The business has a fifty day moving average of $223.89 and a 200 day moving average of $241.95. The company has a market cap of $126.29 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. During the same quarter in the prior year, the company earned $3.06 EPS. The firm's revenue was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.13%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is currently 39.77%.

Analyst Ratings Changes

LOW has been the topic of a number of recent research reports. Piper Sandler dropped their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. BNP Paribas upgraded Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, May 21st. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley decreased their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

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.