Dynamic Advisor Solutions LLC Reduces Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Dynamic Advisor Solutions LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,053 shares of the home improvement retailer’s stock after selling 69 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Lowe’s Companies were worth $712,000 at the end of the most recent quarter.

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

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business’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 transaction, the executive vice president now owns 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Price Performance

Shares of LOW opened at $210.72 on Thursday. The firm has a market capitalization of $118.10 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.00 and a beta of 0.92. The company has a 50-day moving average of $223.40 and a 200 day moving average of $238.87. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01.

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

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.28%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 38.11%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler dropped their price target 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. Sanford C. Bernstein set a $266.00 target price on shares of Lowe’s Companies and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Bank of America reduced their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $271.12.

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.