Main Street Financial Solutions LLC Sells 6,225 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Main Street Financial Solutions LLC decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 67.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,993 shares of the home improvement retailer's stock after selling 6,225 shares during the quarter. Main Street Financial Solutions LLC's holdings in Lowe's Companies were worth $739,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Lowe's Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after purchasing an additional 24,812 shares during the period. Miracle Mile Advisors LLC grew its stake in Lowe's Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock worth $4,696,000 after buying an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Lowe's Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after buying an additional 4,435 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock valued at $4,894,000 after acquiring an additional 501 shares during the period. Finally, World Investment Advisors grew its position in shares of Lowe's Companies by 11.0% during the fourth quarter. World Investment Advisors now owns 26,329 shares of the home improvement retailer's stock worth $6,498,000 after acquiring an additional 2,615 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Trading Up 2.1 %

Lowe's Companies stock traded up $4.60 on Friday, reaching $219.01. 2,166,819 shares of the stock were exchanged, compared to its average volume of 2,469,826. The firm has a fifty day moving average price of $232.59 and a two-hundred day moving average price of $252.76. Lowe's Companies, Inc. has a twelve month low of $206.39 and a twelve month high of $287.01. The stock has a market cap of $122.58 billion, a PE ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.10%. Lowe's Companies's payout ratio is presently 37.67%.

Analyst Ratings Changes

LOW has been the subject of a number of analyst reports. Bank of America reduced their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Mizuho lowered their target price on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Truist Financial reduced their price objective on shares of Lowe's Companies from $295.00 to $258.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $278.74.

Lowe's Companies 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.