Lowe's Companies, Inc. (NYSE:LOW) Stock Holdings Lessened by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,855 shares of the home improvement retailer's stock after selling 2,289 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Lowe's Companies were worth $3,666,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Marshall Investment Management LLC acquired a new position in Lowe's Companies during the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe's Companies during the fourth quarter worth $33,000. Orion Capital Management LLC purchased a new position in Lowe's Companies in the fourth quarter valued at $36,000. Measured Risk Portfolios Inc. acquired a new stake in Lowe's Companies in the fourth quarter valued at $42,000. Finally, Millstone Evans Group LLC purchased a new stake in Lowe's Companies during the 4th quarter worth about $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on 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. Bank of America cut their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Mizuho set a $280.00 price objective on shares of Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Piper Sandler dropped their target price on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies Stock Up 0.2%

Shares of Lowe's Companies stock traded up $0.40 during trading on Thursday, hitting $224.92. 2,739,353 shares of the company were exchanged, compared to its average volume of 2,515,436. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The firm has a 50 day moving average price of $224.46 and a 200 day moving average price of $243.80. The stock has a market capitalization of $125.89 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.96 and a beta of 1.00.

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 for the quarter, topping the consensus estimate of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.06 earnings per share. Analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $4.60 annualized dividend and a dividend yield of 2.05%. Lowe's Companies's dividend payout ratio is presently 38.11%.

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.