Values First Advisors Inc. Reduces Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Values First Advisors Inc. cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,431 shares of the home improvement retailer’s stock after selling 638 shares during the period. Values First Advisors Inc.’s holdings in Lowe’s Companies were worth $600,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. IFS Advisors LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $27,000. Winch Advisory Services LLC boosted its stake in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. JNBA Financial Advisors increased its position in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC raised its stake in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on LOW shares. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Truist Financial boosted their target price on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.88.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $250.32 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company has a market cap of $141.34 billion, a P/E ratio of 20.88, a PEG ratio of 2.04 and a beta of 1.11. The stock’s fifty day moving average price is $256.59 and its 200-day moving average price is $258.39.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Wednesday, January 22nd. Lowe’s Companies’s payout ratio is presently 38.37%.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

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.