Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Prentice Wealth Management LLC

Prentice Wealth Management LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,403 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Prentice Wealth Management LLC’s holdings in Lowe’s Companies were worth $357,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LOW. Wetzel Investment Advisors Inc. acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth approximately $26,000. Tidemark LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $28,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LOW shares. UBS Group raised their price target on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Citigroup reduced their price objective on Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Zelman & Associates restated a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. DA Davidson reduced their price objective on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 22nd. Finally, Oppenheimer restated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research note on Monday, March 4th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $251.33.

Lowe’s Companies Stock Performance

LOW traded up $1.02 during trading on Wednesday, reaching $218.27. The company had a trading volume of 1,295,815 shares, compared to its average volume of 2,460,584. The firm’s 50-day simple moving average is $225.89 and its 200 day simple moving average is $228.28. The company has a market cap of $124.38 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.66 and a beta of 1.08. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The firm had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $3.67 EPS. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Lowe’s Companies’s dividend payout ratio is currently 35.34%.

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.