SeaCrest Wealth Management LLC Sells 60 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

SeaCrest Wealth Management LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,214 shares of the home improvement retailer’s stock after selling 60 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Lowe’s Companies were worth $1,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dynamic Advisor Solutions LLC grew its stake in shares of Lowe’s Companies by 33.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,345 shares of the home improvement retailer’s stock worth $695,000 after purchasing an additional 843 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in shares of Lowe’s Companies by 100.4% in the third quarter. Meridian Wealth Management LLC now owns 31,158 shares of the home improvement retailer’s stock worth $6,492,000 after acquiring an additional 15,612 shares during the period. Biondo Investment Advisors LLC boosted its holdings in Lowe’s Companies by 1.0% in the third quarter. Biondo Investment Advisors LLC now owns 60,958 shares of the home improvement retailer’s stock valued at $12,669,000 after acquiring an additional 620 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Lowe’s Companies by 2.5% during the 3rd quarter. Geneos Wealth Management Inc. now owns 6,950 shares of the home improvement retailer’s stock valued at $1,444,000 after purchasing an additional 168 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $40,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW traded up $1.40 during trading on Thursday, hitting $254.73. The company’s stock had a trading volume of 2,621,825 shares, compared to its average volume of 2,604,700. The company has a 50-day moving average of $232.18 and a 200-day moving average of $215.99. The firm has a market cap of $145.75 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.86 and a beta of 1.13. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $262.49.

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

Lowe’s Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on LOW shares. Citigroup upped their price target 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. Wedbush lifted their target price on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. The Goldman Sachs Group increased their price target on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Finally, Piper Sandler increased their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $251.60.

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.