Nicholson Wealth Management Group LLC Increases Position in Lowe’s Companies, Inc. $LOW

Nicholson Wealth Management Group LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,490 shares of the home improvement retailer’s stock after acquiring an additional 189 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Lowe’s Companies were worth $1,440,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Arista Wealth Management LLC acquired a new position in Lowe’s Companies in the second quarter worth about $333,000. Angeles Wealth Management LLC grew its stake in Lowe’s Companies by 8.4% in the second quarter. Angeles Wealth Management LLC now owns 3,707 shares of the home improvement retailer’s stock worth $822,000 after purchasing an additional 286 shares in the last quarter. Mattson Financial Services LLC grew its stake in Lowe’s Companies by 19.4% in the second quarter. Mattson Financial Services LLC now owns 13,926 shares of the home improvement retailer’s stock worth $3,090,000 after purchasing an additional 2,267 shares in the last quarter. Oxbow Advisors LLC grew its stake in Lowe’s Companies by 4.0% in the second quarter. Oxbow Advisors LLC now owns 25,751 shares of the home improvement retailer’s stock worth $5,713,000 after purchasing an additional 990 shares in the last quarter. Finally, Values First Advisors Inc. grew its stake in Lowe’s Companies by 7.3% in the second quarter. Values First Advisors Inc. now owns 10,594 shares of the home improvement retailer’s stock worth $2,351,000 after purchasing an additional 723 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.7%

NYSE:LOW opened at $244.81 on Friday. The firm has a market capitalization of $137.30 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88. The stock has a 50 day moving average of $255.21 and a 200-day moving average of $234.69. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $282.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate 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 revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is currently 39.44%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Royal Bank Of Canada lifted their price target on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. UBS Group lifted 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. Evercore ISI lowered their target price on Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating for the company in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $282.91.

Insiders Place Their Bets

In other news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% 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. 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.