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

Oxbow Advisors LLC lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 25.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,761 shares of the home improvement retailer's stock after selling 8,501 shares during the quarter. Oxbow Advisors LLC's holdings in Lowe's Companies were worth $5,775,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LOW. Wood Tarver Financial Group LLC acquired a new position in Lowe's Companies in the 4th quarter valued at $25,000. Caisse Des Depots ET Consignations acquired a new position in shares of Lowe's Companies during the 4th quarter worth $33,000. Fairway Wealth LLC acquired a new position in shares of Lowe's Companies during the 1st quarter worth $32,000. Orion Capital Management LLC acquired a new position in shares of Lowe's Companies during the 4th quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Lowe's Companies during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded down $3.79 during trading hours on Friday, reaching $224.12. The company's stock had a trading volume of 1,840,145 shares, compared to its average volume of 2,493,668. The company's 50 day simple moving average is $224.14 and its 200 day simple moving average is $234.13. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The stock has a market cap of $125.61 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 2.12 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.88 by $0.04. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The company had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same period last year, the firm posted $3.06 EPS. The company's revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is 38.11%.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated 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 owned 31,898 shares of the company's stock, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LOW shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, May 21st. Royal Bank Of Canada reduced their price target on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. Citigroup reaffirmed a "neutral" rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. KeyCorp raised shares of Lowe's Companies from a "sector weight" rating to an "overweight" rating and set a $266.00 price target on the stock in a report on Friday, April 25th. Finally, Piper Sandler reduced their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.