Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 33.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,642 shares of the home improvement retailer’s stock after purchasing an additional 655 shares during the period. Pure Financial Advisors LLC’s holdings in Lowe’s Companies were worth $616,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LOW. Wood Tarver Financial Group LLC bought a new position in Lowe’s Companies during the 4th quarter worth approximately $25,000. Caisse Des Depots ET Consignations bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $33,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in Lowe’s Companies during the first quarter worth $36,000. Finally, IFS Advisors LLC lifted its stake in 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 last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Stifel Nicolaus lowered their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. KeyCorp raised shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price on the stock in a report on Friday, April 25th. Piper Sandler decreased their target price on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. Finally, Wells Fargo & Company dropped their price target on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $271.12.

Lowe’s Companies Trading Up 0.3%

Shares of NYSE:LOW opened at $221.47 on Friday. The company has a 50 day moving average of $223.08 and a 200-day moving average of $236.58. The firm has a market cap of $124.12 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.09 and a beta of 0.92. Lowe’s Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, topping the consensus estimate of $2.88 by $0.04. The firm had revenue of $20.93 billion for 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 firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.06 earnings per share. Equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $1.20 dividend. 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 dividend yield of 2.17%. Lowe’s Companies’s dividend payout ratio is 38.11%.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.27% of the company’s stock.

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.