Capital Asset Advisory Services LLC Sells 82 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Capital Asset Advisory Services LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 880 shares of the home improvement retailer’s stock after selling 82 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Lowe’s Companies were worth $211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new position in Lowe’s Companies in the fourth quarter worth $25,000. Orion Capital Management LLC bought a new position in Lowe’s Companies in the third quarter worth $26,000. Tidemark LLC bought a new position in Lowe’s Companies in the fourth quarter worth $27,000. Voisard Asset Management Group Inc. acquired a new position in Lowe’s Companies during the fourth quarter worth $28,000. Finally, Transcendent Capital Group LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $31,000. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on LOW. Truist Financial dropped their price objective 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. Oppenheimer reiterated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research note on Monday, March 4th. Gordon Haskett reiterated a “hold” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Stifel Nicolaus increased their price objective on Lowe’s Companies from $225.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, May 13th. Finally, Zelman & Associates reiterated a “neutral” rating and set a $265.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $251.33.

Lowe’s Companies Price Performance

NYSE:LOW opened at $220.53 on Friday. 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 capitalization of $125.67 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The business’s 50-day simple moving average is $225.32 and its 200-day simple moving average is $228.26.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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. The business had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. Lowe’s Companies’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.67 EPS. On average, research analysts expect that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date is Wednesday, July 24th. Lowe’s Companies’s payout ratio is 35.34%.

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.