Clearview Wealth Advisors LLC Sells 77 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Clearview Wealth Advisors LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,703 shares of the home improvement retailer’s stock after selling 77 shares during the period. Clearview Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $375,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LOW. Tidemark LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at $27,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $28,000. Keener Financial Planning LLC bought a new position in shares of Lowe’s Companies during the first quarter worth about $35,000. Transcendent Capital Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $31,000. Finally, Stephens Consulting LLC boosted its holdings in Lowe’s Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of several analyst reports. Bank of America lowered their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. UBS Group boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. 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. Piper Sandler dropped their price objective on Lowe’s Companies from $264.00 to $262.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company decreased their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $254.04.

Lowe’s Companies Trading Up 0.7 %

Shares of LOW stock traded up $1.73 during trading hours on Friday, hitting $248.50. 2,587,136 shares of the company were exchanged, compared to its average volume of 2,428,352. Lowe’s Companies, Inc. has a 52-week low of $181.85 and a 52-week high of $262.49. The firm has a fifty day simple moving average of $234.08 and a 200 day simple moving average of $233.50. The stock has a market capitalization of $141.61 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.04 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same period in the previous year, the company posted $4.56 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.94 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a $1.15 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a dividend yield of 1.85%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 36.95%.

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.