Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,400 shares of the home improvement retailer's stock after selling 1,924 shares during the quarter. Ritholtz Wealth Management's holdings in Lowe's Companies were worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its stake in Lowe's Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after buying an additional 259 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Lowe's Companies by 79.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 95,328 shares of the home improvement retailer's stock valued at $23,544,000 after purchasing an additional 42,339 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Lowe's Companies by 0.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,579 shares of the home improvement retailer's stock worth $2,364,000 after buying an additional 57 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of Lowe's Companies during the 4th quarter valued at $363,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the business'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 value 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. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. DA Davidson lowered their price target on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a research report on Thursday, May 22nd. 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. Morgan Stanley decreased their price objective on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Bank of America lowered their target price on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Price Performance

Shares of NYSE LOW traded down $1.29 during midday trading on Monday, hitting $215.98. 2,391,844 shares of the company's stock were exchanged, compared to its average volume of 2,639,378. The company has a market cap of $121.04 billion, a PE ratio of 18.01, a P/E/G ratio of 1.96 and a beta of 0.92. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The firm's fifty day simple moving average is $223.77 and its 200-day simple moving average is $239.65.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results 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 last year, the firm posted $3.06 EPS. The company's revenue was down 2.0% on a year-over-year basis. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently declared 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. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.22%. Lowe's Companies's payout ratio is 39.77%.

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.