Lowe's Companies, Inc. (NYSE:LOW) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,050 shares of the home improvement retailer's stock after buying an additional 1,519 shares during the quarter. Mutual Advisors LLC's holdings in Lowe's Companies were worth $2,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOW. Brighton Jones LLC increased its holdings in Lowe's Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Lowe's Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after purchasing an additional 259 shares during the period. Victory Capital Management Inc. grew its stake in shares of Lowe's Companies by 0.5% during the 4th quarter. Victory Capital Management Inc. now owns 539,424 shares of the home improvement retailer's stock worth $133,130,000 after purchasing an additional 2,891 shares during the period. Cookson Peirce & Co. Inc. grew its stake in shares of Lowe's Companies by 12.1% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 4,480 shares of the home improvement retailer's stock worth $1,106,000 after purchasing an additional 482 shares during the period. Finally, J.Safra Asset Management Corp grew its stake in shares of Lowe's Companies by 68.9% during the 4th quarter. J.Safra Asset Management Corp now owns 787 shares of the home improvement retailer's stock worth $194,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded up $1.06 during trading on Friday, hitting $228.00. 1,777,904 shares of the company were exchanged, compared to its average volume of 2,500,517. Lowe's Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The company has a fifty day moving average price of $223.98 and a 200-day moving average price of $234.93. The firm has a market capitalization of $127.78 billion, a PE ratio of 18.89, a P/E/G ratio of 2.16 and a beta of 0.90.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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. 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 analyst estimates of $21.09 billion. During the same quarter in the previous year, the firm earned $3.06 EPS. The company's quarterly revenue was down 2.0% compared to the same quarter last year. Research 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. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is currently 38.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LOW shares. 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. Wells Fargo & Company dropped their price objective on shares of Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Truist Financial set a $264.00 price objective on shares of Lowe's Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Piper Sandler dropped their price objective 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. Finally, Mizuho reiterated an "outperform" rating and set a $280.00 target price on shares of Lowe's Companies in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Insider Activity at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction dated 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 directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

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.