ClariVest Asset Management LLC Sells 3,214 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

ClariVest Asset Management LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,172 shares of the home improvement retailer’s stock after selling 3,214 shares during the quarter. ClariVest Asset Management LLC’s holdings in Lowe’s Companies were worth $12,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Investors Research Corp bought a new stake in Lowe’s Companies during the 2nd quarter valued at about $26,000. Goodman Advisory Group LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at about $27,000. O Dell Group LLC bought a new stake in Lowe’s Companies during the 1st quarter valued at about $34,000. Carolina Wealth Advisors LLC grew its stake in shares of Lowe’s Companies by 114.3% in the second quarter. Carolina Wealth Advisors LLC now owns 240 shares of the home improvement retailer’s stock worth $42,000 after acquiring an additional 128 shares during the period. Finally, Homestead Advisers Corp grew its stake in shares of Lowe’s Companies by 25.7% in the second quarter. Homestead Advisers Corp now owns 259 shares of the home improvement retailer’s stock worth $45,000 after acquiring an additional 53 shares during the period. 74.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on LOW shares. Robert W. Baird lifted their price target on shares of Lowe’s Companies from $230.00 to $250.00 in a research note on Thursday, November 17th. Piper Sandler lifted their price target on shares of Lowe’s Companies from $248.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, November 17th. MKM Partners reduced their price target on shares of Lowe’s Companies from $220.00 to $205.00 in a research note on Wednesday, November 9th. Evercore ISI lifted their price target on shares of Lowe’s Companies from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, November 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $231.35.

Lowe’s Companies Trading Down 1.6 %

Shares of NYSE:LOW traded down $3.45 during midday trading on Thursday, reaching $211.02. 2,593,950 shares of the company were exchanged, compared to its average volume of 3,762,648. The business’s fifty day moving average is $194.55 and its two-hundred day moving average is $192.73. Lowe’s Companies, Inc. has a one year low of $170.12 and a one year high of $263.31. The stock has a market cap of $130.98 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.18 and a beta of 1.15.

Lowe’s Companies (NYSE:LOWGet Rating) last issued its earnings results on Wednesday, November 16th. The home improvement retailer reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.18. Lowe’s Companies had a net margin of 6.97% and a negative return on equity of 103.72%. The firm had revenue of $23.48 billion during the quarter, compared to analyst estimates of $23.16 billion. During the same quarter in the prior year, the business earned $2.73 earnings per share. Lowe’s Companies’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 13.77 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Tuesday, January 24th. Lowe’s Companies’s payout ratio is 41.14%.

Lowe’s Companies Profile

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Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It 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, lighting, and electrical.

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

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