Salem Investment Counselors Inc. offloaded 1,250,788 shares of
Lowe's Companies, Inc. (LOW), while
RFG Advisory LLC also reduced its holdings. However, Lowe's stock trended as the company's dividend increased to $1.15. The stock has been the subject of significant transactions;
Wedmont Private Capital and
17 Capital Partners LLC purchased Lowe's shares, and
Wellington Management Group LLP grew their holdings. Despite declining during a market improvement, Lowe's ranked high in comparison to Home Depot with investors like
ICA Group Wealth Management LLC making new investments. The stock has seen a 17% since 2023 and anticipation surrounds Q1 results, potentially driving the share price higher. An increase in share acquisition from firms like
Scarborough Advisors LLC and
SageView Advisory Group LLC was noted, while
Gerber LLC has made a bold $235,000 investment. Lowe's also outperformed competitors on strong trading days, although share sales from insiders allude to hesitancy. Q1 Earnings surpassed estimates, albeit earnings fell 17% as same-store sales skidded for the sixth consecutive quarter. Against the somber prognosis of profit and sales drop in 2024, yet the company declared a cash dividend, financial expert forecasted an income of $1,000 per month from Lowe's stock. Meanwhile, despite outperforming competitors, Lowe's caters to the challenge of softening home-improvement outlook.
Lowes Stocks LOW News Analytics from Fri, 17 Nov 2023 08:00:00 GMT to Sun, 23 Jun 2024 18:45:03 GMT -
Rating 3
- Innovation 0
- Information 7
- Rumor -2
