Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 59.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,892 shares of the home improvement retailer’s stock after selling 24,515 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Lowe’s Companies were worth $3,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Lowe’s Companies in the third quarter valued at $26,000. VisionPoint Advisory Group LLC boosted its stake in shares of Lowe’s Companies by 85.4% during the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Lowe’s Companies during the fourth quarter worth about $35,000. Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies in the 3rd quarter valued at about $40,000. Finally, True Wealth Design LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LOW. Evercore ISI lifted their target price on Lowe’s Companies from $250.00 to $270.00 and gave the company an “in-line” rating in a research note on Tuesday. Citigroup lifted their price objective on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Truist Financial upped their price objective on shares of Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Thirteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $251.60.

Lowe’s Companies Trading Up 0.6 %

Shares of LOW opened at $254.73 on Friday. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The stock has a market cap of $145.75 billion, a P/E ratio of 19.36, a PEG ratio of 1.87 and a beta of 1.13. The company has a 50-day moving average of $232.18 and a two-hundred day moving average of $215.99.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s payout ratio is 33.43%.

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.