apricus wealth LLC Takes $207,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

apricus wealth LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 887 shares of the home improvement retailer’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $31,000. Caisse Des Depots ET Consignations bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $33,000. Orion Capital Management LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at $36,000. Finally, IFS Advisors LLC grew its position in Lowe’s Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 60 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on LOW shares. Bank of America lowered their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Mizuho set a $280.00 price target on Lowe’s Companies and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 21st. Piper Sandler lowered their price target on Lowe’s Companies from $296.00 to $269.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.12.

Lowe’s Companies Stock Down 1.6%

Shares of LOW opened at $221.23 on Thursday. Lowe’s Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01. The firm has a market capitalization of $123.98 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The stock’s fifty day simple moving average is $223.50 and its 200-day simple moving average is $240.87.

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 (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same quarter in the prior year, the firm posted $3.06 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a $1.20 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.17%. Lowe’s Companies’s dividend payout ratio is presently 39.77%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the transaction, the executive vice president now owns 31,898 shares of the company’s stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

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.