Threadgill Financial LLC Sells 17,928 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Threadgill Financial LLC decreased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 55.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 14,376 shares of the home improvement retailer's stock after selling 17,928 shares during the period. Lowe's Companies makes up 1.8% of Threadgill Financial LLC's holdings, making the stock its 17th largest position. Threadgill Financial LLC's holdings in Lowe's Companies were worth $3,353,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Lowe's Companies in the fourth quarter valued at about $1,842,954,000. Kovitz Investment Group Partners LLC lifted its position in shares of Lowe's Companies by 350.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer's stock worth $585,770,000 after purchasing an additional 1,846,315 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Lowe's Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock worth $386,540,000 after purchasing an additional 1,651,170 shares during the last quarter. Raymond James Financial Inc. bought a new position in Lowe's Companies in the fourth quarter valued at $314,435,000. Finally, Strategic Financial Concepts LLC increased its stake in Lowe's Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer's stock valued at $303,096,000 after buying an additional 1,223,116 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Price Performance

NYSE:LOW traded down $0.29 during trading hours on Wednesday, hitting $228.51. The stock had a trading volume of 2,301,020 shares, compared to its average volume of 2,517,662. The company has a 50 day simple moving average of $224.00 and a two-hundred day simple moving average of $242.35. The firm has a market capitalization of $127.90 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.96 and a beta of 1.00. 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 quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. During the same period last year, the business earned $3.06 earnings per share. The business's quarterly revenue was down 2.0% on a year-over-year basis. Equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.10%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is 39.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their target price 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. Mizuho set a $280.00 price target on shares of Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Citigroup reiterated a "neutral" rating and set a $253.00 target price (down from $269.00) on shares of Lowe's Companies in a research report on Wednesday, May 14th. Finally, Sanford C. Bernstein set a $266.00 price target on Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. 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 stock. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average target price of $271.12.

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.