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Values First Advisors Inc. Boosts Stake in Lowe's Companies, Inc. (NYSE:LOW)

Lowe's Companies logo with Retail/Wholesale background

Values First Advisors Inc. increased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 306.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,871 shares of the home improvement retailer's stock after purchasing an additional 7,440 shares during the period. Lowe's Companies accounts for about 1.3% of Values First Advisors Inc.'s holdings, making the stock its 12th biggest holding. Values First Advisors Inc.'s holdings in Lowe's Companies were worth $2,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies during the 4th quarter worth $25,000. Fairway Wealth LLC acquired a new stake in shares of Lowe's Companies during the 1st quarter worth $32,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe's Companies during the 4th quarter worth $33,000. Orion Capital Management LLC acquired a new stake in shares of Lowe's Companies during the 4th quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Lowe's Companies during the 1st quarter worth $36,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LOW. Stifel Nicolaus dropped their price objective on Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. JPMorgan Chase & Co. lowered their price target on Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, May 21st. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, Robert W. Baird lowered their price target on Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $271.12.

Check Out Our Latest Analysis on LOW

Insider Activity

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 stock was 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 approximately $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

Lowe's Companies Stock Performance

Shares of LOW stock opened at $224.96 on Tuesday. Lowe's Companies, Inc. has a one year low of $206.39 and a one year high of $287.01. The company's 50-day simple moving average is $224.06 and its 200-day simple moving average is $234.70. The stock has a market capitalization of $126.08 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 2.16 and a beta of 0.90.

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 EPS for the quarter, topping the consensus estimate 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 business had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. During the same quarter last year, the company posted $3.06 earnings per share. The company's quarterly revenue was down 2.0% compared to the same quarter last year. As a group, research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently declared 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 is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.13%. Lowe's Companies's dividend payout ratio (DPR) is 39.77%.

Lowe's Companies Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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