Sava Infond d.o.o. Has $1.48 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Sava Infond d.o.o. reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,330 shares of the home improvement retailer’s stock after selling 600 shares during the period. Sava Infond d.o.o.’s holdings in Lowe’s Companies were worth $1,476,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LOW. Brighton Jones LLC boosted its stake in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after buying an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted 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 valued at $266,000 after buying an additional 259 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Lowe’s Companies by 1.3% in the fourth quarter. First Horizon Advisors Inc. now owns 13,964 shares of the home improvement retailer’s stock valued at $3,447,000 after buying an additional 185 shares in the last quarter. Howard Capital Management Inc. boosted its stake in Lowe’s Companies by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 3,857 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 198 shares in the last quarter. Finally, MONECO Advisors LLC boosted its stake in Lowe’s Companies by 5.9% in the fourth quarter. MONECO Advisors LLC now owns 3,433 shares of the home improvement retailer’s stock valued at $847,000 after buying an additional 190 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of LOW opened at $218.64 on Tuesday. The firm has a market cap of $122.53 billion, a PE ratio of 18.11, a PEG ratio of 2.01 and a beta of 0.92. The stock’s fifty day moving average price is $222.92 and its two-hundred day moving average price is $237.17. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 earnings per share. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change 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%.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LOW has been the subject of several research reports. 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. Bank of America dropped their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Citigroup reiterated a “neutral” rating and issued a $253.00 target price (down from $269.00) on shares of Lowe’s Companies in a research report on Wednesday, May 14th. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price for the company in a research report on Friday, April 25th. Finally, Wells Fargo & Company dropped their target price 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target 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.