Ironsides Asset Advisors LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 971,691 shares of the home improvement retailer’s stock after selling 900 shares during the period. Lowe’s Companies makes up about 32.9% of Ironsides Asset Advisors LLC’s portfolio, making the stock its largest position. Ironsides Asset Advisors LLC owned approximately 0.12% of Lowe’s Companies worth $98,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its stake in shares of Lowe’s Companies by 4.8% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,015 shares of the home improvement retailer’s stock worth $220,000 after acquiring an additional 93 shares in the last quarter. Bailard Inc. grew its stake in shares of Lowe’s Companies by 3.6% in the 1st quarter. Bailard Inc. now owns 2,764 shares of the home improvement retailer’s stock worth $303,000 after acquiring an additional 95 shares in the last quarter. Naples Global Advisors LLC grew its stake in shares of Lowe’s Companies by 3.4% in the 1st quarter. Naples Global Advisors LLC now owns 3,054 shares of the home improvement retailer’s stock worth $334,000 after acquiring an additional 99 shares in the last quarter. Lcnb Corp grew its stake in shares of Lowe’s Companies by 0.9% in the 2nd quarter. Lcnb Corp now owns 10,534 shares of the home improvement retailer’s stock worth $1,063,000 after acquiring an additional 99 shares in the last quarter. Finally, Vision Capital Management Inc. grew its stake in shares of Lowe’s Companies by 1.1% in the 1st quarter. Vision Capital Management Inc. now owns 9,314 shares of the home improvement retailer’s stock worth $1,020,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.

LOW traded down $1.03 during trading on Thursday, hitting $92.56. 152,772 shares of the company traded hands, compared to its average volume of 4,542,688. The firm has a market capitalization of $73.34 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.25 and a beta of 1.36. The firm’s fifty day moving average price is $102.10. The company has a current ratio of 1.09, a quick ratio of 0.24 and a debt-to-equity ratio of 6.37. Lowe’s Companies, Inc. has a one year low of $84.75 and a one year high of $118.23.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.11). The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. Lowe’s Companies’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 5.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.80%.

Several research firms have recently issued reports on LOW. Morgan Stanley set a $123.00 target price on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Goldman Sachs Group began coverage on shares of Lowe’s Companies in a research note on Thursday, July 11th. They issued a “buy” rating and a $119.00 target price for the company. Wedbush reduced their target price on shares of Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Cfra reiterated a “hold” rating and issued a $105.00 target price on shares of Lowe’s Companies in a research note on Friday, June 14th. Finally, ValuEngine lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.88.

In other Lowe’s Companies news, EVP Donald Frieson bought 2,030 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was purchased at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the transaction, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at $1,083,616.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marvin R. Ellison bought 10,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were acquired at an average price of $95.05 per share, with a total value of $950,500.00. Following the transaction, the insider now directly owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The disclosure for this purchase can be found here. Insiders have acquired 12,280 shares of company stock valued at $1,174,566 in the last quarter. Company insiders own 0.07% of the company’s stock.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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