Lowe’s Companies, Inc. $LOW Shares Sold by USA Financial Formulas

USA Financial Formulas lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,047 shares of the home improvement retailer’s stock after selling 121 shares during the quarter. USA Financial Formulas’ holdings in Lowe’s Companies were worth $232,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vertex Planning Partners LLC grew its holdings in Lowe’s Companies by 2.9% during the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after buying an additional 44 shares during the last quarter. Quadcap Wealth Management LLC grew its holdings in Lowe’s Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock valued at $2,189,000 after buying an additional 46 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Lowe’s Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock valued at $1,357,000 after buying an additional 47 shares during the last quarter. Fielder Capital Group LLC grew its holdings in Lowe’s Companies by 5.9% during the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock valued at $202,000 after buying an additional 48 shares during the last quarter. Finally, Zullo Investment Group Inc. grew its holdings in Lowe’s Companies by 1.1% during the 1st quarter. Zullo Investment Group Inc. now owns 4,542 shares of the home improvement retailer’s stock valued at $1,059,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.3%

Shares of LOW opened at $247.32 on Friday. The firm has a market capitalization of $138.70 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.30 and a beta of 0.88. The stock’s fifty day simple moving average is $253.56 and its 200 day simple moving average is $233.92. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its earnings results 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 business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LOW shares. UBS Group increased their price target on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Piper Sandler increased their price target on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. KeyCorp increased their price target on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Truist Financial increased their price target on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus 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.