Net Worth Advisory Group Purchases 3,090 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Net Worth Advisory Group lifted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 60.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,161 shares of the home improvement retailer's stock after acquiring an additional 3,090 shares during the period. Lowe's Companies accounts for 0.6% of Net Worth Advisory Group's portfolio, making the stock its 26th biggest holding. Net Worth Advisory Group's holdings in Lowe's Companies were worth $1,903,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC bought a new position in shares of Lowe's Companies during the fourth quarter worth about $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe's Companies during the fourth quarter worth about $31,000. Caisse Des Depots ET Consignations bought a new position in shares of Lowe's Companies during the fourth quarter worth about $33,000. Orion Capital Management LLC bought a new position in Lowe's Companies in the 4th quarter valued at about $36,000. Finally, IFS Advisors LLC grew its position in Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 60 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of several research reports. Bank of America reduced their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. DA Davidson reduced their price objective on shares of Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Piper Sandler reduced their price objective on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, May 21st. Finally, Royal Bank of Canada reduced their price objective on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. One research 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's stock. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $271.12.

Lowe's Companies Price Performance

LOW traded up $1.75 on Thursday, reaching $223.35. 2,485,859 shares of the company traded hands, compared to its average volume of 2,522,683. The stock's 50 day moving average price is $223.50 and its 200-day moving average price is $240.87. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The company has a market cap of $125.17 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.96 and a beta of 0.92.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same period in the previous year, the firm posted $3.06 earnings per share. The firm's revenue was down 2.0% on a year-over-year basis. As a group, equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share 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. 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 yield of 2.15%. The ex-dividend date is Wednesday, July 23rd. 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 presently 39.77%.

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 that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president now owns 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company's stock.

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.