Catalyst Capital Advisors LLC Has $123,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Catalyst Capital Advisors LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 27.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 527 shares of the home improvement retailer’s stock after selling 199 shares during the period. Catalyst Capital Advisors LLC’s holdings in Lowe’s Companies were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Caisse Des Depots ET Consignations acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $33,000. Orion Capital Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new position in Lowe’s Companies during the first quarter worth approximately $36,000. Finally, IFS Advisors LLC increased its position in Lowe’s Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 60 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LOW shares. Truist Financial set a $264.00 target price on Lowe’s Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 21st. Wells Fargo & Company decreased their price objective on shares of Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price objective on shares of Lowe’s Companies from $300.00 to $263.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of Lowe’s Companies from $244.00 to $242.00 and set a “sector perform” rating on the stock in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $228.00 on Friday. The company’s 50 day simple moving average is $223.98 and its 200 day simple moving average is $234.93. The stock has a market capitalization of $127.78 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90. Lowe’s Companies, Inc. has a 1 year low of $206.39 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04. Lowe’s Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company had revenue of $20.93 billion for the quarter, compared to analyst estimates of $21.09 billion. During the same quarter last year, the company posted $3.06 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, July 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.15. Lowe’s Companies’s payout ratio is currently 38.11%.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president directly owned 31,898 shares of the company’s stock, valued at approximately $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

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.