Insight Folios Inc Has $352,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Insight Folios Inc cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,382 shares of the home improvement retailer’s stock after selling 173 shares during the period. Insight Folios Inc’s holdings in Lowe’s Companies were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $26,000. Tidemark LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $27,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $28,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $31,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Lowe’s Companies stock traded down $0.40 during mid-day trading on Thursday, hitting $213.30. 1,423,518 shares of the company’s stock traded hands, compared to its average volume of 2,828,350. The firm has a 50 day simple moving average of $224.22 and a two-hundred day simple moving average of $228.21. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The stock has a market cap of $121.55 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.64 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the firm posted $3.67 EPS. The company’s quarterly revenue was down 4.4% on a year-over-year basis. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s dividend payout ratio is 35.34%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LOW. Zelman & Associates reiterated a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a research report on Tuesday, April 2nd. Truist Financial lowered their target price on 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. Gordon Haskett reissued a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $246.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $250.41.

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.