Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,156 shares of the home improvement retailer's stock after selling 8,439 shares during the quarter. Janney Montgomery Scott LLC owned 0.05% of Lowe's Companies worth $67,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe's Companies during the fourth quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in Lowe's Companies during the 4th quarter worth approximately $31,000. Caisse Des Depots ET Consignations acquired a new position in Lowe's Companies during the 4th quarter valued at approximately $33,000. Orion Capital Management LLC purchased a new position in shares of Lowe's Companies in the fourth quarter worth $36,000. Finally, IFS Advisors LLC raised 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 buying an additional 60 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business'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 completion of the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LOW has been the topic of several research reports. Piper Sandler cut their target price on 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. Truist Financial set a $264.00 price target on Lowe's Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company cut their price objective on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Royal Bank of Canada decreased their target price on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a report on Thursday, May 22nd. Finally, KeyCorp upgraded Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 target price on the stock in a research report on Friday, April 25th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Lowe's Companies Price Performance

Shares of LOW stock opened at $216.99 on Monday. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The company has a market cap of $121.61 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.96 and a beta of 0.92. The stock has a 50 day simple moving average of $223.77 and a 200-day simple moving average of $239.65.

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 EPS 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 analyst estimates of $21.09 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 EPS. Analysts anticipate 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 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 represents a $4.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, July 23rd. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio is 39.77%.

Lowe's Companies 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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