Brave Asset Management Inc. held its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,885 shares of the home improvement retailer’s stock at the end of the first quarter. Brave Asset Management Inc.’s holdings in Lowe’s Companies were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Washington Trust Bank raised its position in shares of Lowe’s Companies by 27.4% in the first quarter. Washington Trust Bank now owns 1,238 shares of the home improvement retailer’s stock worth $102,000 after buying an additional 266 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Lowe’s Companies during the first quarter worth $109,000. First Bank & Trust raised its position in shares of Lowe’s Companies by 11.5% in the first quarter. First Bank & Trust now owns 1,421 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 147 shares during the period. CWM LLC raised its position in shares of Lowe’s Companies by 26.3% in the first quarter. CWM LLC now owns 1,700 shares of the home improvement retailer’s stock worth $140,000 after buying an additional 354 shares during the period. Finally, CLS Investments LLC raised its position in shares of Lowe’s Companies by 17.2% in the fourth quarter. CLS Investments LLC now owns 1,832 shares of the home improvement retailer’s stock worth $130,000 after buying an additional 269 shares during the period. 75.46% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

Lowe’s Companies, Inc. (NYSE LOW) opened at 79.80 on Friday. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The company has a market capitalization of $67.37 billion, a P/E ratio of 25.02 and a beta of 1.08. The firm has a 50-day moving average price of $82.31 and a 200 day moving average price of $78.22.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.03. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The company had revenue of $16.86 billion for the quarter, compared to analysts’ expectations of $16.99 billion. During the same quarter in the prior year, the business posted $0.87 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts predict that Lowe’s Companies, Inc. will post $4.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th will be issued a $0.41 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, July 24th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 44.03%.

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A number of brokerages have weighed in on LOW. Wolfe Research reissued an “outperform” rating and issued a $94.00 target price (down previously from $95.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Credit Suisse Group set a $83.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a research report on Saturday, February 18th. Jefferies Group LLC reissued a “hold” rating and issued a $89.00 target price (down previously from $94.00) on shares of Lowe’s Companies in a research report on Sunday, May 28th. Goldman Sachs Group, Inc. (The) decreased their target price on Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Finally, Instinet boosted their target price on Lowe’s Companies from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Thursday, March 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.62.

In other Lowe’s Companies news, COO Ricky D. Damron sold 17,152 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $81.96, for a total value of $1,405,777.92. Following the sale, the chief operating officer now directly owns 78,225 shares of the company’s stock, valued at $6,411,321. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the sale, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,524 shares of company stock worth $3,385,050. 0.11% of the stock is owned by corporate insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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