Lowe’s Companies, Inc. $LOW Shares Sold by JT Stratford LLC

JT Stratford LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 14.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,775 shares of the home improvement retailer’s stock after selling 485 shares during the quarter. JT Stratford LLC’s holdings in Lowe’s Companies were worth $647,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Lowe’s Companies during the 1st quarter valued at about $32,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter worth about $36,000. Finally, IFS Advisors LLC lifted its stake in shares of Lowe’s Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 60 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe’s Companies stock in a transaction dated 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 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 can be accessed through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LOW shares. Truist Financial set a $264.00 price objective on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 21st. Royal Bank Of Canada lowered their price target on Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 22nd. Finally, Stifel Nicolaus upped their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a report on Monday. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.68.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $256.2080 on Wednesday. The firm has a market cap of $143.59 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.37 and a beta of 0.89. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The firm’s 50 day moving average price is $227.78 and its two-hundred day moving average price is $230.16.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during 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 company’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $3.06 EPS. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were given a $1.20 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio is 39.77%.

Lowe’s Companies 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.