Gamco Investors INC. ET AL Sells 335 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Gamco Investors INC. ET AL lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,877 shares of the home improvement retailer’s stock after selling 335 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Lowe’s Companies were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stonebridge Capital Advisors LLC lifted its stake in shares of Lowe’s Companies by 18.6% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,410 shares of the home improvement retailer’s stock worth $359,000 after buying an additional 221 shares during the period. Guardian Capital LP boosted its position in Lowe’s Companies by 2.5% during the first quarter. Guardian Capital LP now owns 7,588 shares of the home improvement retailer’s stock worth $1,933,000 after purchasing an additional 188 shares in the last quarter. Cadence Bank grew its stake in Lowe’s Companies by 3.2% in the 1st quarter. Cadence Bank now owns 29,916 shares of the home improvement retailer’s stock valued at $7,621,000 after acquiring an additional 928 shares during the period. Advisors Asset Management Inc. grew its position in shares of Lowe’s Companies by 3.6% in the first quarter. Advisors Asset Management Inc. now owns 49,187 shares of the home improvement retailer’s stock valued at $12,529,000 after purchasing an additional 1,725 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in shares of Lowe’s Companies by 6.5% during the first quarter. EP Wealth Advisors LLC now owns 67,581 shares of the home improvement retailer’s stock worth $17,215,000 after purchasing an additional 4,119 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research reports. Truist Financial decreased their price target on shares of 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. Evercore ISI lowered their price target on 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. Zelman & Associates reissued a “neutral” rating and issued a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Telsey Advisory Group reaffirmed 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. Finally, Gordon Haskett reaffirmed a “hold” rating and set a $245.00 target price on shares of Lowe’s Companies in a report on Wednesday, April 3rd. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $250.04.

Lowe’s Companies Trading Up 1.7 %

Lowe’s Companies stock traded up $4.10 during trading on Friday, hitting $238.87. The company had a trading volume of 1,942,530 shares, compared to its average volume of 2,878,763. The company’s 50 day simple moving average is $223.92 and its 200-day simple moving average is $229.47. Lowe’s Companies, Inc. has a 1-year low of $181.85 and a 1-year high of $262.49. The stock has a market cap of $136.12 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $21.14 billion. During the same period in the previous year, the firm posted $3.67 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Wednesday, July 24th. Lowe’s Companies’s payout ratio is 36.95%.

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.