Clarius Group LLC Has $1.33 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Clarius Group LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,711 shares of the home improvement retailer’s stock after selling 151 shares during the period. Clarius Group LLC’s holdings in Lowe’s Companies were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at about $31,000. Caisse Des Depots ET Consignations bought a new stake in Lowe’s Companies in the 4th quarter valued at about $33,000. Orion Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $36,000. Finally, IFS Advisors LLC increased its holdings in shares of Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 60 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president now owns 31,898 shares of the company’s stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Down 1.9%

Shares of NYSE:LOW opened at $211.91 on Wednesday. The firm has a market cap of $118.76 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.04 and a beta of 0.92. Lowe’s Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The business has a fifty day simple moving average of $223.65 and a 200 day simple moving average of $239.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.04. The company had revenue of $20.93 billion during the quarter, compared to analysts’ expectations of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.06 earnings per share. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.27%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.11%.

Wall Street Analyst Weigh In

LOW has been the subject of several recent research reports. Citigroup reiterated a “neutral” rating and issued a $253.00 price target (down from $269.00) on shares of Lowe’s Companies in a research note on Wednesday, May 14th. Truist Financial set a $264.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. Bank of America cut their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Piper Sandler reduced their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.12.

About Lowe’s Companies

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.