Larson Financial Group LLC Sells 888 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Larson Financial Group LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,824 shares of the home improvement retailer’s stock after selling 888 shares during the quarter. Larson Financial Group LLC’s holdings in Lowe’s Companies were worth $2,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new position in shares of Lowe’s Companies in the fourth quarter worth $25,000. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth $26,000. VisionPoint Advisory Group LLC lifted its holdings 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 buying an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Lowe’s Companies in the third quarter worth $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Lowe’s Companies in the fourth quarter worth $47,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

Shares of LOW stock traded up $0.99 during mid-day trading on Monday, hitting $231.23. 1,872,805 shares of the stock traded hands, compared to its average volume of 2,537,865. The stock has a market cap of $132.31 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.70 and a beta of 1.13. The stock’s fifty day moving average is $239.65 and its two-hundred day moving average is $219.11. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. Lowe’s Companies’s revenue was down 17.1% on a year-over-year basis. During the same period last year, the firm posted $2.28 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is presently 33.43%.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. Piper Sandler upped their price target on shares of Lowe’s Companies from $218.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Mizuho initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, March 19th. They set a “buy” rating and a $280.00 price target on the stock. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price target on the stock in a research note on Wednesday, February 14th. Citigroup boosted their price objective on shares of Lowe’s Companies from $199.00 to $236.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Finally, DA Davidson reiterated a “neutral” rating and set a $270.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, March 27th. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $252.52.

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.