Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 73,865 shares of the home improvement retailer’s stock after selling 867 shares during the period. Lowe’s Companies makes up about 3.6% of Raub Brock Capital Management LP’s holdings, making the stock its 19th largest holding. Raub Brock Capital Management LP’s holdings in Lowe’s Companies were worth $16,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidemark LLC acquired a new stake in Lowe’s Companies during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. purchased a new position in shares of Lowe’s Companies during the 4th quarter worth $28,000. Transcendent Capital Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth $31,000. Stephens Consulting LLC grew its position in shares of Lowe’s Companies by 93.3% in the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Finally, Keener Financial Planning LLC purchased a new stake in shares of Lowe’s Companies in the first quarter valued at $35,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stifel Nicolaus lifted their price target on Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th. Bank of America dropped their price target on shares of Lowe’s Companies from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. DA Davidson lowered their price objective on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. Truist Financial upped their price objective on Lowe’s Companies from $265.00 to $269.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Morgan Stanley lifted their target price on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and an average target price of $252.83.

Lowe’s Companies Stock Performance

Shares of LOW stock traded down $0.30 during mid-day trading on Friday, reaching $243.81. 1,889,727 shares of the company were exchanged, compared to its average volume of 2,513,320. The business’s 50 day simple moving average is $236.53 and its 200 day simple moving average is $234.15. The company has a market capitalization of $138.93 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.04 and a beta of 1.10. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a net margin of 8.25% and a negative return on equity of 47.07%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the business earned $4.56 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.94 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $1.15 per share. The ex-dividend date is Wednesday, October 23rd. This represents a $4.60 annualized dividend and a yield of 1.89%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. Lowe’s Companies’s dividend payout ratio is presently 36.95%.

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.