TFG Advisers LLC Sells 87 Shares of Lowe’s Companies, Inc. $LOW

TFG Advisers LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.3% during the 2nd quarter, Holdings Channel reports. The firm owned 1,294 shares of the home improvement retailer’s stock after selling 87 shares during the period. TFG Advisers LLC’s holdings in Lowe’s Companies were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LOW. DMKC Advisory Services LLC boosted its stake in shares of Lowe’s Companies by 10.6% during the 2nd quarter. DMKC Advisory Services LLC now owns 8,560 shares of the home improvement retailer’s stock worth $1,871,000 after purchasing an additional 819 shares during the period. Naples Global Advisors LLC raised its stake in shares of Lowe’s Companies by 0.8% during the 2nd quarter. Naples Global Advisors LLC now owns 8,604 shares of the home improvement retailer’s stock worth $1,909,000 after acquiring an additional 65 shares in the last quarter. Pure Financial Advisors LLC grew its position in Lowe’s Companies by 829.9% during the 2nd quarter. Pure Financial Advisors LLC now owns 24,567 shares of the home improvement retailer’s stock worth $5,451,000 after purchasing an additional 21,925 shares during the last quarter. BSW Wealth Partners boosted its holdings in shares of Lowe’s Companies by 2.3% in the 2nd quarter. BSW Wealth Partners now owns 2,583 shares of the home improvement retailer’s stock valued at $573,000 after acquiring an additional 57 shares during the last quarter. Finally, Community Financial Services Group LLC lifted its stake in shares of Lowe’s Companies by 2.4% in the 2nd quarter. Community Financial Services Group LLC now owns 20,177 shares of the home improvement retailer’s stock valued at $4,477,000 after purchasing an additional 482 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

LOW opened at $248.12 on Thursday. The stock has a market capitalization of $139.16 billion, a PE ratio of 20.39, a P/E/G ratio of 2.33 and a beta of 0.88. The firm’s fifty day moving average price is $253.13 and its 200 day moving average price is $233.78. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is currently 39.44%.

Insider Activity at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Piper Sandler raised their target price on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Truist Financial raised their price objective on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Barclays set a $267.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $285.50.

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.