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Bryn Mawr Capital Management LLC Has $3.70 Million Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Lowe's Companies logo with Retail/Wholesale background

Bryn Mawr Capital Management LLC lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 31.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,863 shares of the home improvement retailer's stock after selling 7,322 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Lowe's Companies were worth $3,700,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Gen Wealth Partners Inc grew its holdings in Lowe's Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after acquiring an additional 40 shares during the last quarter. Peachtree Investment Partners LLC grew its holdings in Lowe's Companies by 3.4% during the 4th quarter. Peachtree Investment Partners LLC now owns 1,286 shares of the home improvement retailer's stock worth $317,000 after acquiring an additional 42 shares during the last quarter. Second Line Capital LLC grew its holdings in Lowe's Companies by 0.9% during the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after acquiring an additional 44 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Lowe's Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after acquiring an additional 47 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC grew its holdings in Lowe's Companies by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock worth $1,066,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

LOW stock traded up $2.08 during mid-day trading on Thursday, hitting $218.68. 2,473,888 shares of the company were exchanged, compared to its average volume of 2,503,128. The firm has a market cap of $122.56 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.03 and a beta of 0.90. The firm's 50 day simple moving average is $223.79 and its 200 day simple moving average is $233.60. Lowe's Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its 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 firm had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The business's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $3.06 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, July 23rd. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.19%. Lowe's Companies's dividend payout ratio (DPR) is 39.77%.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were 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. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LOW. KeyCorp raised shares of 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 note on Friday, April 25th. Stifel Nicolaus reduced their target price on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Piper Sandler reduced 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 note on Monday, March 24th. Wall Street Zen raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Finally, DA Davidson reduced their target price on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. One 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's stock. According to data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Read Our Latest Stock Analysis on Lowe's Companies

Lowe's Companies Profile

(Free Report)

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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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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