Sound Financial Strategies Group LLC Cuts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Sound Financial Strategies Group LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,859 shares of the home improvement retailer’s stock after selling 457 shares during the period. Lowe’s Companies comprises about 0.5% of Sound Financial Strategies Group LLC’s portfolio, making the stock its 26th biggest position. Sound Financial Strategies Group LLC’s holdings in Lowe’s Companies were worth $636,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC increased 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. Itau Unibanco Holding S.A. purchased a new stake in shares of Lowe’s Companies during the third quarter worth approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $47,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LOW. UBS Group upped their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Truist Financial raised their price objective on shares of Lowe’s Companies from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Evercore ISI cut their price objective on shares of Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, Barclays raised their price objective on shares of Lowe’s Companies from $203.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $252.52.

Lowe’s Companies Stock Down 1.4 %

NYSE:LOW traded down $3.25 during midday trading on Wednesday, reaching $230.31. The stock had a trading volume of 1,484,364 shares, compared to its average volume of 2,520,125. The firm has a fifty day simple moving average of $239.88 and a two-hundred day simple moving average of $219.43. 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 $131.78 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.71 and a beta of 1.13.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. Lowe’s Companies’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period last year, the firm posted $2.28 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. Lowe’s Companies’s payout ratio is currently 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.