ARS Wealth Advisors Group LLC Has $752,000 Stake in Lowe’s Companies, Inc. (NYSE:LOW)

ARS Wealth Advisors Group LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,412 shares of the home improvement retailer’s stock after selling 78 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Lowe’s Companies were worth $752,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Pure Financial Advisors LLC lifted its stake in Lowe’s Companies by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer’s stock worth $400,000 after purchasing an additional 45 shares in the last quarter. Private Management Group Inc. boosted its stake in Lowe’s Companies by 4.0% during the fourth quarter. Private Management Group Inc. now owns 1,205 shares of the home improvement retailer’s stock valued at $268,000 after buying an additional 46 shares during the last quarter. First Bank & Trust raised its holdings in shares of Lowe’s Companies by 3.1% during the 1st quarter. First Bank & Trust now owns 1,509 shares of the home improvement retailer’s stock worth $384,000 after acquiring an additional 46 shares in the last quarter. McAdam LLC grew its holdings in Lowe’s Companies by 3.5% during the 1st quarter. McAdam LLC now owns 1,363 shares of the home improvement retailer’s stock valued at $347,000 after purchasing an additional 46 shares during the last quarter. Finally, Exchange Bank lifted its stake in Lowe’s Companies by 2.1% in the second quarter. Exchange Bank now owns 2,315 shares of the home improvement retailer’s stock worth $510,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.5 %

LOW stock traded up $1.09 during mid-day trading on Friday, hitting $241.15. 1,725,785 shares of the company were exchanged, compared to its average volume of 2,529,547. The firm has a market capitalization of $137.42 billion, a P/E ratio of 19.37, a PEG ratio of 1.85 and a beta of 1.07. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The business has a fifty day simple moving average of $229.89 and a 200-day simple moving average of $231.75.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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 business had revenue of $21.36 billion for the quarter, compared to analyst estimates of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.67 earnings per share. Research analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were issued a $0.15 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.25%. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

Analyst Ratings Changes

LOW has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, May 13th. DA Davidson cut their price target on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Evercore ISI dropped their target price on shares of Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Truist Financial cut their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and an average price target of $250.19.

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.