Curran Financial Partners LLC Cuts Position in Lowe’s Companies, Inc. (NYSE:LOW)

Curran Financial Partners LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,785 shares of the home improvement retailer’s stock after selling 48 shares during the period. Curran Financial Partners LLC’s holdings in Lowe’s Companies were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. Brighton Jones LLC raised its position in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after buying an additional 259 shares during the period. GAM Holding AG bought a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $1,191,000. Kestra Investment Management LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at $55,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Lowe’s Companies by 10.4% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,258 shares of the home improvement retailer’s stock valued at $804,000 after acquiring an additional 306 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $210.72 on Thursday. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The business has a fifty day moving average price of $223.40 and a 200-day moving average price of $238.87. The stock 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.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $3.06 earnings per share. On average, equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This is a positive change 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 payout ratio is 38.11%.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president now owns 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Robert W. Baird decreased their target price on Lowe’s Companies from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd. Mizuho reiterated an “outperform” rating and set a $280.00 price objective on shares of Lowe’s Companies in a report on Friday, June 13th. Stifel Nicolaus lowered their price objective on shares of Lowe’s Companies from $250.00 to $240.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. KeyCorp raised shares of Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price on the stock in a research report on Friday, April 25th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.12.

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.