Freestone Capital Holdings LLC Sells 1,719 Shares of Lowe’s Companies, Inc. $LOW

Freestone Capital Holdings LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,272 shares of the home improvement retailer’s stock after selling 1,719 shares during the period. Freestone Capital Holdings LLC’s holdings in Lowe’s Companies were worth $3,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. boosted its holdings in Lowe’s Companies by 6.7% during the second quarter. Westside Investment Management Inc. now owns 843 shares of the home improvement retailer’s stock worth $188,000 after buying an additional 53 shares during the last quarter. Garrison Bradford & Associates Inc. boosted its holdings in Lowe’s Companies by 7.1% during the second quarter. Garrison Bradford & Associates Inc. now owns 11,038 shares of the home improvement retailer’s stock worth $2,449,000 after buying an additional 735 shares during the last quarter. Texas Bank & Trust Co boosted its holdings in Lowe’s Companies by 1.6% during the second quarter. Texas Bank & Trust Co now owns 15,969 shares of the home improvement retailer’s stock worth $3,543,000 after buying an additional 259 shares during the last quarter. South Dakota Investment Council boosted its holdings in Lowe’s Companies by 183.8% during the second quarter. South Dakota Investment Council now owns 58,921 shares of the home improvement retailer’s stock worth $13,073,000 after buying an additional 38,161 shares during the last quarter. Finally, Regents Gate Capital LLP bought a new position in Lowe’s Companies during the second quarter worth about $12,089,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $235.64 on Tuesday. The stock’s 50-day moving average is $252.59 and its 200-day moving average is $236.65. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The firm has a market cap of $132.15 billion, a P/E ratio of 19.36, a P/E/G ratio of 2.21 and a beta of 0.88.

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

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. Guggenheim restated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Robert W. Baird raised their price target on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Mizuho raised their price target on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Oppenheimer raised their price target on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.59.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Profile

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.