Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by IFC Advisors LLC

IFC Advisors LLC boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,980 shares of the home improvement retailer's stock after purchasing an additional 1,203 shares during the quarter. IFC Advisors LLC's holdings in Lowe's Companies were worth $1,395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe's Companies during the fourth quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in Lowe's Companies in the first quarter worth about $32,000. Caisse Des Depots ET Consignations bought a new stake in Lowe's Companies in the fourth quarter worth about $33,000. Orion Capital Management LLC bought a new stake in Lowe's Companies in the fourth quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Lowe's Companies in the first quarter worth about $36,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Ratings Changes

LOW has been the subject of several analyst reports. Truist Financial set a $264.00 target price on Lowe's Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley cut their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Sanford C. Bernstein set a $266.00 target price on Lowe's Companies and gave the company an "outperform" rating in a research note on Thursday, May 22nd. DA Davidson cut their target price on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus decreased their target price on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued 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 Stock Performance

LOW opened at $224.12 on Friday. The stock has a market cap of $125.61 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 2.15 and a beta of 0.90. The stock's 50 day moving average price is $224.14 and its 200-day moving average price is $234.24. Lowe's Companies, Inc. has a one year low of $206.39 and a one 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 analysts' consensus estimates of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. As a group, analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal 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 given a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio is currently 38.11%.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company's stock.

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.

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