Seelaus Asset Management LLC Sells 1,833 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Seelaus Asset Management LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOWGet Rating) by 16.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,241 shares of the home improvement retailer’s stock after selling 1,833 shares during the quarter. Lowe’s Companies makes up 1.1% of Seelaus Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Seelaus Asset Management LLC’s holdings in Lowe’s Companies were worth $1,868,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Pacifica Partners Inc. bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Delos Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 388.2% in the fourth quarter. Delos Wealth Advisors LLC now owns 166 shares of the home improvement retailer’s stock worth $43,000 after buying an additional 132 shares during the period. Consolidated Planning Corp bought a new position in shares of Lowe’s Companies in the third quarter worth about $44,000. Covestor Ltd bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $44,000. Finally, Bell Investment Advisors Inc raised its stake in shares of Lowe’s Companies by 33.5% in the fourth quarter. Bell Investment Advisors Inc now owns 211 shares of the home improvement retailer’s stock worth $55,000 after buying an additional 53 shares during the period. 75.46% of the stock is currently owned by institutional investors.

LOW has been the topic of several recent research reports. Piper Sandler raised their price objective on Lowe’s Companies to $246.00 and gave the stock an “underweight” rating in a research note on Thursday, May 19th. Citigroup decreased their price objective on Lowe’s Companies from $292.00 to $222.00 in a research note on Friday, May 13th. UBS Group cut their target price on Lowe’s Companies from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Telsey Advisory Group increased their target price on Lowe’s Companies from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, February 24th. Finally, DA Davidson cut their target price on Lowe’s Companies from $292.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.16.

NYSE LOW opened at $173.60 on Thursday. The stock has a market capitalization of $110.95 billion, a PE ratio of 14.15, a P/E/G ratio of 1.02 and a beta of 1.25. The business has a 50 day simple moving average of $192.47 and a two-hundred day simple moving average of $218.73. Lowe’s Companies, Inc. has a 1-year low of $170.12 and a 1-year high of $263.31.

Lowe’s Companies (NYSE:LOWGet Rating) last released its quarterly earnings results on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.29. The business had revenue of $23.66 billion during the quarter, compared to analysts’ expectations of $23.72 billion. Lowe’s Companies had a negative return on equity of 251.50% and a net margin of 8.85%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.21 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 13.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th will be issued a $1.05 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.80. The ex-dividend date is Tuesday, July 19th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.42%. Lowe’s Companies’s payout ratio is 26.08%.

Lowe’s Companies Company Profile (Get Rating)

Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

See Also

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

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