Laurel Wealth Advisors LLC Boosts Position in Lowe’s Companies, Inc. $LOW

Laurel Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22,167.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,032,319 shares of the home improvement retailer’s stock after acquiring an additional 1,027,683 shares during the period. Laurel Wealth Advisors LLC owned approximately 0.18% of Lowe’s Companies worth $229,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lowe’s Companies by 4.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 246,871 shares of the home improvement retailer’s stock worth $57,578,000 after purchasing an additional 9,842 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 1st quarter worth approximately $607,000. Finally, Texas Yale Capital Corp. increased its holdings in shares of Lowe’s Companies by 1.3% during the 1st quarter. Texas Yale Capital Corp. now owns 4,957 shares of the home improvement retailer’s stock valued at $1,156,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 2.3%

LOW stock opened at $228.82 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The business’s 50-day moving average is $242.44 and its 200 day moving average is $237.62. The stock has a market cap of $128.33 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The business 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 business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Insider Transactions at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the firm’s 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 transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, 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. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LOW has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating on the stock in a report on Thursday, November 20th. HSBC dropped their target price on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research report on Friday. Robert W. Baird cut their price target on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday. DA Davidson lowered their price target on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.75.

Lowe’s Companies Company 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.