Mayflower Financial Advisors LLC Cuts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Mayflower Financial Advisors LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,128 shares of the home improvement retailer’s stock after selling 124 shares during the period. Mayflower Financial Advisors LLC’s holdings in Lowe’s Companies were worth $1,141,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in Lowe’s Companies in the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC lifted 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 valued at $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 in the fourth quarter worth approximately $35,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Lowe’s Companies during the third quarter worth approximately $40,000. Finally, True Wealth Design LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LOW. Wells Fargo & Company lifted their target price on shares of Lowe’s Companies from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $265.00 to $268.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Stifel Nicolaus lowered their target price on Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Royal Bank of Canada increased their price target on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Finally, Truist Financial upped their target price on Lowe’s Companies from $244.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $251.60.

Get Our Latest Stock Report on LOW

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $254.73 on Monday. 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 50 day moving average price of $233.60 and a 200 day moving average price of $216.32. The stock has a market capitalization of $145.75 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13.

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

Lowe’s Companies Dividend Announcement

The business 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 $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 33.43%.

Lowe’s Companies Company Profile

(Free Report)

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, d├ęcor, and electrical.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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