Narus Financial Partners LLC Lowers Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Narus Financial Partners LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 10.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 983 shares of the home improvement retailer’s stock after selling 114 shares during the period. Narus Financial Partners LLC’s holdings in Lowe’s Companies were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wetzel Investment Advisors Inc. purchased a new position in shares of Lowe’s Companies in the fourth quarter worth $25,000. Tidemark LLC bought a new stake in Lowe’s Companies in the fourth quarter worth $27,000. Voisard Asset Management Group Inc. purchased a new position in Lowe’s Companies during the fourth quarter worth $28,000. Orion Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at $26,000. Finally, Transcendent Capital Group LLC bought a new position in Lowe’s Companies during the 4th quarter valued at about $31,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded down $1.15 during midday trading on Tuesday, reaching $212.41. The company had a trading volume of 1,058,107 shares, compared to its average volume of 2,542,927. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The firm’s fifty day simple moving average is $225.32 and its 200-day simple moving average is $228.49. The company has a market capitalization of $121.04 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.69 and a beta of 1.08.

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

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio (DPR) is 35.34%.

Analysts Set New Price Targets

Several research analysts have issued reports on LOW shares. Oppenheimer restated a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 target price on shares of Lowe’s Companies in a research note on Tuesday, May 21st. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Truist Financial reduced their price objective on shares of Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, DA Davidson dropped their target price on Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $250.41.

About Lowe’s Companies

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.