Bennett Selby Investments LP Acquires 304 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bennett Selby Investments LP raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,095 shares of the home improvement retailer’s stock after acquiring an additional 304 shares during the quarter. Bennett Selby Investments LP’s holdings in Lowe’s Companies were worth $955,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Marshall Investment Management LLC purchased a new position in Lowe’s Companies in the fourth quarter worth about $31,000. Caisse Des Depots ET Consignations purchased a new position in Lowe’s Companies in the fourth quarter worth about $33,000. Orion Capital Management LLC purchased a new position in Lowe’s Companies in the fourth quarter worth about $36,000. Finally, IFS Advisors LLC grew its position in Lowe’s Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 60 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Activity

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction on 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 now directly owns 31,898 shares of the company’s stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 1.0%

Shares of LOW stock opened at $225.35 on Friday. The business’s fifty day simple moving average is $223.72 and its 200-day simple moving average is $241.57. The company has a market cap of $126.29 billion, a PE ratio of 18.79, a PEG ratio of 1.96 and a beta of 0.92. Lowe’s Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued 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. The business had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.06 earnings per share. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share 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. The ex-dividend date is Wednesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.13%. Lowe’s Companies’s payout ratio is 39.77%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several recent research reports. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 price target for the company in a research report on Friday, April 25th. Wells Fargo & Company dropped their price target on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Royal Bank of Canada dropped their target price on 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. DA Davidson dropped their target price on 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, Mizuho set a $280.00 target price on Lowe’s Companies and gave the company an “outperform” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $271.12.

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.