Copley Financial Group Inc. Takes Position in Lowe’s Companies, Inc. $LOW

Copley Financial Group Inc. purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 910 shares of the home improvement retailer’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC boosted its position in Lowe’s Companies by 3.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after buying an additional 465 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Lowe’s Companies by 2.6% during the second quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after acquiring an additional 3,947 shares during the period. Advent Capital Management DE boosted its holdings in Lowe’s Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after acquiring an additional 3,000 shares during the last quarter. Strathmore Capital Advisors Inc. bought a new position in Lowe’s Companies in the second quarter valued at about $2,717,000. Finally, First Pacific Financial increased its position in Lowe’s Companies by 147.3% in the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock worth $611,000 after purchasing an additional 1,639 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $241.74 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The stock has a market cap of $135.57 billion, a P/E ratio of 19.86, a P/E/G ratio of 2.21 and a beta of 0.87. The firm has a 50 day moving average price of $241.25 and a 200 day moving average price of $237.76.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Analysts predict 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. Shareholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s payout ratio is currently 39.80%.

Analyst Ratings Changes

A number of research analysts have issued reports on LOW shares. Bank of America cut their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Truist Financial dropped their price target on shares of Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $282.00 to $284.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. KeyCorp raised their price objective on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Citigroup dropped their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Sixteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued 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 $274.75.

Insider Activity

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the business’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 value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

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.