JBF Capital Inc. Has $9.05 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Key Points

• JBF Capital Inc. reduced its holdings in Lowe's Companies by 3.0%, now owning 38,800 shares worth approximately $9.05 million, making it the firm's 7th largest holding.
• Insider trading activity includes EVP Juliette Williams Pryor selling 1,130 shares at an average price of $227.50, resulting in a decrease of her ownership in the company.
• Lowe's recently announced an increased quarterly dividend of $1.20 per share, up from $1.15, reflecting a strong dividend yield of 2.1%.

JBF Capital Inc. lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,800 shares of the home improvement retailer's stock after selling 1,200 shares during the quarter. Lowe's Companies accounts for approximately 1.7% of JBF Capital Inc.'s holdings, making the stock its 7th largest holding. JBF Capital Inc.'s holdings in Lowe's Companies were worth $9,049,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in shares of Lowe's Companies in the 1st quarter valued at about $32,000. Orion Capital Management LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Lowe's Companies during the first quarter worth $36,000. Finally, IFS Advisors LLC raised its position in shares of Lowe's Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies 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 directly owned 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.27% of the company's stock.

Lowe's Companies Trading Down 1.7%

LOW stock opened at $223.55 on Friday. The business has a 50 day simple moving average of $222.93 and a 200-day simple moving average of $231.92. The company has a market capitalization of $125.28 billion, a P/E ratio of 18.52, a PEG ratio of 2.15 and a beta of 0.90. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. During the same quarter in the previous year, the firm posted $3.06 EPS. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.77%.

Analyst Ratings Changes

LOW has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Citigroup cut their target price on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday. Sanford C. Bernstein set a $266.00 price target on shares of Lowe's Companies and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada reduced their target price on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $270.68.

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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