Lowe's Companies, Inc. (NYSE:LOW) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,789 shares of the home improvement retailer's stock after buying an additional 3,509 shares during the quarter. D.A. Davidson & CO.'s holdings in Lowe's Companies were worth $32,836,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Gen Wealth Partners Inc increased its position in Lowe's Companies by 1.9% during the 4th 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 period. Peachtree Investment Partners LLC boosted its position 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 valued at $317,000 after acquiring an additional 42 shares in the last quarter. Second Line Capital LLC boosted its position in Lowe's Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after acquiring an additional 44 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Lowe's Companies by 0.6% in the 4th quarter. Lindbrook Capital LLC now owns 7,509 shares of the home improvement retailer's stock worth $1,853,000 after acquiring an additional 46 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC lifted its stake in shares of Lowe's Companies by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock worth $1,066,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

LOW traded up $1.06 during trading on Thursday, reaching $228.00. 1,777,904 shares of the company's stock were exchanged, compared to its average volume of 2,498,145. The company's fifty day simple moving average is $223.73 and its 200-day simple moving average is $235.45. The stock has a market capitalization of $127.78 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion during 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 firm's revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.06 earnings per share. Equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors 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. This represents a $4.80 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 38.11%.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company'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 value of $257,075.00. Following the sale, the executive vice president owned 31,898 shares in the company, 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 accessible through this link. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on LOW. Mizuho reiterated an "outperform" rating and issued a $280.00 target price on shares of Lowe's Companies in a research note on Friday, June 13th. Truist Financial set a $264.00 price objective on shares of Lowe's Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Sanford C. Bernstein set a $266.00 price objective on shares of Lowe's Companies and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Piper Sandler decreased 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 report on Monday, March 24th. Finally, Morgan Stanley cut their price target 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 investment 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 company currently 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.