Sivia Capital Partners LLC Sells 216 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sivia Capital Partners LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,230 shares of the home improvement retailer’s stock after selling 216 shares during the period. Sivia Capital Partners LLC’s holdings in Lowe’s Companies were worth $568,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LOW. Wetzel Investment Advisors Inc. bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $25,000. Orion Capital Management LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth $26,000. Tidemark LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $28,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $31,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective for the company. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Evercore ISI dropped their price objective on shares of Lowe’s Companies from $250.00 to $225.00 and set an “in-line” rating for the company in a report on Tuesday. DA Davidson decreased their target price on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Finally, Citigroup decreased their target price on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Fifteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus price target of $250.41.

Lowe’s Companies Stock Performance

Shares of NYSE LOW traded up $0.36 during midday trading on Wednesday, hitting $214.06. 767,011 shares of the company traded hands, compared to its average volume of 2,537,728. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49. The firm has a market cap of $121.98 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.69 and a beta of 1.08. The stock has a 50-day moving average price of $224.57 and a 200 day moving average price of $228.32.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The company had revenue of $21.36 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the prior year, the firm earned $3.67 earnings per share. Lowe’s Companies’s revenue was down 4.4% on a year-over-year basis. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 12.23 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

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

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.