Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Holistic Planning LLC

Holistic Planning LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 46.1% during the first quarter, Holdings Channel.com reports. The firm owned 1,426 shares of the home improvement retailer’s stock after acquiring an additional 450 shares during the period. Holistic Planning LLC’s holdings in Lowe’s Companies were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Caisse Des Depots ET Consignations acquired a new stake in Lowe’s Companies in the fourth quarter worth approximately $33,000. Orion Capital Management LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in Lowe’s Companies during the 1st quarter valued at $36,000. Finally, IFS Advisors LLC increased its position in shares of Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 21st. Truist Financial set a $264.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Wells Fargo & Company cut their target price on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, Citigroup restated a “neutral” rating and issued a $253.00 price target (down previously from $269.00) on shares of Lowe’s Companies in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $271.12.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was 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 of the company’s stock, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Up 0.3%

Shares of Lowe’s Companies stock opened at $221.47 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01. The company 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. The stock has a 50-day moving average price of $223.08 and a 200 day moving average price of $236.58.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to analyst estimates of $21.09 billion. Lowe’s Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.06 earnings per share. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a $1.20 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a yield of 2.17%. Lowe’s Companies’s dividend payout ratio is presently 38.11%.

Lowe’s Companies Company 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.