Catalina Capital Group LLC Sells 1,886 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Catalina Capital Group LLC lowered its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 65.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 997 shares of the home improvement retailer's stock after selling 1,886 shares during the quarter. Catalina Capital Group LLC's holdings in Lowe's Companies were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Wood Tarver Financial Group LLC purchased a new stake in Lowe's Companies during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe's Companies in the 4th quarter worth $31,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Lowe's Companies in the 4th quarter worth $33,000. Orion Capital Management LLC bought a new position in Lowe's Companies in the 4th quarter worth $36,000. Finally, IFS Advisors LLC lifted its position in Lowe's Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LOW. Robert W. Baird reduced their price target on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Bank of America reduced their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Truist Financial set a $264.00 price target on shares of Lowe's Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Stock Down 0.6%

Lowe's Companies stock traded down $1.20 during midday trading on Thursday, reaching $210.72. 2,524,502 shares of the stock traded hands, compared to its average volume of 2,530,836. The stock has a market cap of $118.10 billion, a P/E ratio of 17.46, a PEG ratio of 2.00 and a beta of 0.92. The stock's fifty day moving average is $223.40 and its 200-day moving average is $238.87. Lowe's Companies, Inc. has a 12 month low of $206.39 and a 12 month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The business had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. During the same period in the prior year, the firm earned $3.06 EPS. The company's revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities 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. Shareholders of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.28%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is 38.11%.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company'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 sale, the executive vice president now directly owns 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.27% of the company's stock.

Lowe's Companies Company 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.