Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,214 shares of the home improvement retailer’s stock after selling 60 shares during the period. SeaCrest Wealth Management LLC’s holdings in Lowe’s Companies were worth $1,533,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth $26,000. VisionPoint Advisory Group LLC increased its position in shares of Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $35,000. Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies in the 3rd quarter worth approximately $40,000. Finally, True Wealth Design LLC purchased a new position in Lowe’s Companies during the 4th quarter worth approximately $42,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 0.6 %

Lowe’s Companies stock traded up $1.40 during trading hours on Thursday, hitting $254.73. The stock had a trading volume of 2,621,825 shares, compared to its average volume of 2,604,700. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The company has a market cap of $145.75 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.13. The company has a 50-day moving average of $232.18 and a two-hundred day moving average of $215.99.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The business’s revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.28 earnings per share. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.40 annualized dividend and a dividend yield of 1.73%. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup upped their price target on Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Evercore ISI boosted their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the company an “in-line” rating in a report on Tuesday. Piper Sandler upped their target price on Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. DA Davidson reiterated a “neutral” rating and set a $270.00 price target on shares of Lowe’s Companies in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $251.60.

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.