Financial Gravity Companies Inc. Takes $289,000 Position in Lowe’s Companies, Inc. $LOW

Financial Gravity Companies Inc. acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,301 shares of the home improvement retailer’s stock, valued at approximately $289,000.

Several other large investors have also bought and sold shares of LOW. Brighton Jones LLC boosted its position in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Jennison Associates LLC lifted its stake in Lowe’s Companies by 46.7% during the first quarter. Jennison Associates LLC now owns 407,789 shares of the home improvement retailer’s stock valued at $95,109,000 after purchasing an additional 129,780 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in Lowe’s Companies during the first quarter worth approximately $212,000. Finally, Brogan Financial Inc. boosted its holdings in Lowe’s Companies by 34.0% during the first quarter. Brogan Financial Inc. now owns 1,641 shares of the home improvement retailer’s stock worth $383,000 after buying an additional 416 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.7%

Shares of Lowe’s Companies stock opened at $227.59 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The stock has a market cap of $127.64 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The business has a fifty day simple moving average of $247.66 and a 200-day simple moving average of $237.39.

Lowe’s Companies (NYSE:LOW) last announced 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. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the business earned $4.10 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 39.44%.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were 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 owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on LOW shares. Piper Sandler upped their price target on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Robert W. Baird lifted their target price on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Wolfe Research initiated coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They set an “outperform” rating on the stock. Truist Financial decreased their price target on Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Mizuho lifted their price target on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.91.

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.