TFR Capital LLC. Purchases Shares of 1,316 Lowe's Companies, Inc. (NYSE:LOW)

TFR Capital LLC. bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,316 shares of the home improvement retailer's stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in Lowe's Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its position 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 valued at $266,000 after purchasing an additional 259 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Lowe's Companies by 72.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,429 shares of the home improvement retailer's stock valued at $846,000 after buying an additional 1,444 shares in the last quarter. AGF Management Ltd. bought a new stake in Lowe's Companies in the 4th quarter worth approximately $1,350,000. Finally, LBP AM SA purchased a new stake in Lowe's Companies in the fourth quarter worth approximately $3,502,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction 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 directly owned 31,898 shares in the company, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LOW has been the topic of several research reports. Mizuho reissued an "outperform" rating and set a $280.00 price target on shares of Lowe's Companies in a research note on Friday, June 13th. Royal Bank Of Canada reduced their target price 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. Piper Sandler lowered their price target on shares of Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. DA Davidson cut their price target 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. Finally, Citigroup reiterated a "neutral" rating and issued a $253.00 price objective (down previously from $269.00) on shares of Lowe's Companies in a report on Wednesday, May 14th. 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $271.12.

Lowe's Companies Price Performance

Lowe's Companies stock traded down $3.79 during mid-day trading on Friday, reaching $224.12. 1,840,145 shares of the company traded hands, compared to its average volume of 2,493,668. Lowe's Companies, Inc. has a 52-week low of $206.39 and a 52-week high of $287.01. The firm has a market capitalization of $125.61 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 2.12 and a beta of 0.90. The firm's 50 day moving average price is $224.14 and its 200 day moving average price is $234.13.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $21.09 billion. During the same period last year, the company posted $3.06 EPS. Lowe's Companies's revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed 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 2.14%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. Lowe's Companies's payout ratio is presently 38.11%.

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.