Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,605 shares of the home improvement retailer’s stock after purchasing an additional 186 shares during the period. Prosperity Consulting Group LLC’s holdings in Lowe’s Companies were worth $841,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new stake in Lowe’s Companies during the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Lowe’s Companies during the first quarter worth about $32,000. Orion Capital Management LLC acquired a new stake in Lowe’s Companies during the fourth quarter worth about $36,000. Inlight Wealth Management LLC acquired a new stake in Lowe’s Companies during the first quarter worth about $36,000. Finally, IFS Advisors LLC grew its holdings 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 acquiring an additional 60 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $229.98 on Wednesday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company has a market cap of $128.89 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 2.17 and a beta of 0.90. The business’s 50 day moving average price is $222.93 and its 200 day moving average price is $232.12.

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

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be given a dividend of $1.20 per share. This is an increase 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 dividend on an annualized basis and a yield of 2.09%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.77%.

Analyst Ratings Changes

Several research firms recently commented on LOW. Morgan Stanley dropped their target price on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. KeyCorp raised 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. Sanford C. Bernstein set a $266.00 target price on Lowe’s Companies and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Wells Fargo & Company lowered 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. Finally, JPMorgan Chase & Co. lowered their price target on Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the firm’s stock in a transaction on 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 owned 31,898 shares of the company’s stock, valued at $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

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.