Jefferies Financial Group Inc. Boosts Stock Position in Lowe’s Companies, Inc. $LOW

Jefferies Financial Group Inc. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 148.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,012 shares of the home improvement retailer’s stock after purchasing an additional 14,357 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Lowe’s Companies were worth $5,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Nuveen LLC purchased a new position in shares of Lowe’s Companies during the first quarter valued at about $681,215,000. Tableaux LLC bought a new position in shares of Lowe’s Companies in the second quarter worth approximately $282,884,000. Wellington Management Group LLP boosted its stake in Lowe’s Companies by 49.0% during the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares during the last quarter. Invesco Ltd. boosted its position in shares of Lowe’s Companies by 10.6% during the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after buying an additional 501,154 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Lowe’s Companies by 0.7% in the second quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock worth $12,197,604,000 after acquiring an additional 366,977 shares during the period. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LOW shares. UBS Group reduced their price target on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a research report on Thursday. Telsey Advisory Group decreased their price target on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Wolfe Research started coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating for the company. Truist Financial cut their price objective on Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Sixteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $274.75.

Insider Activity at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $228.82 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64. The stock has a market capitalization of $128.33 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.21 and a beta of 0.87. The business has a fifty day moving average price of $242.44 and a 200-day moving average price of $237.62.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is presently 39.80%.

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.