First Heartland Consultants Inc. Sells 188 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

First Heartland Consultants Inc. lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,429 shares of the home improvement retailer’s stock after selling 188 shares during the period. First Heartland Consultants Inc.’s holdings in Lowe’s Companies were worth $353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LOW. Marshall Investment Management LLC bought a new position in Lowe’s Companies in the fourth quarter worth approximately $31,000. Caisse Des Depots ET Consignations bought a new position in Lowe’s Companies in the fourth quarter worth approximately $33,000. Measured Risk Portfolios Inc. bought a new position in Lowe’s Companies in the fourth quarter worth approximately $42,000. Millstone Evans Group LLC bought a new position in Lowe’s Companies in the fourth quarter worth approximately $44,000. Finally, Financial Life Planners bought a new position in Lowe’s Companies in the fourth quarter worth approximately $45,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $223.74 on Friday. The company’s 50 day simple moving average is $224.65 and its two-hundred day simple moving average is $245.01. Lowe’s Companies, Inc. has a 1-year low of $206.39 and a 1-year high of $287.01. The firm has a market capitalization of $125.23 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same period last year, the company posted $3.06 EPS. The business’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Wednesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 37.67%.

Analyst Ratings Changes

A number of equities analysts recently commented on LOW shares. Bank of America reduced their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday. Truist Financial lifted their price target on shares of Lowe’s Companies from $258.00 to $264.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company cut their target price on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $271.52.

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.