Lowe’s Companies, Inc. $LOW Shares Sold by Creative Planning

Creative Planning reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,024 shares of the home improvement retailer’s stock after selling 773 shares during the quarter. Creative Planning’s holdings in Lowe’s Companies were worth $49,926,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Opinicus Capital Inc. grew its position in Lowe’s Companies by 4.7% during the second quarter. Opinicus Capital Inc. now owns 5,039 shares of the home improvement retailer’s stock valued at $1,118,000 after purchasing an additional 224 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Lowe’s Companies by 6.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 137,271 shares of the home improvement retailer’s stock valued at $30,456,000 after acquiring an additional 8,143 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in Lowe’s Companies by 7.6% in the second quarter. Foundations Investment Advisors LLC now owns 19,206 shares of the home improvement retailer’s stock valued at $4,261,000 after acquiring an additional 1,356 shares during the period. CFO4Life Group LLC acquired a new position in Lowe’s Companies during the second quarter worth $364,000. Finally, Prospect Financial Services LLC raised its stake in shares of Lowe’s Companies by 9.9% in the second quarter. Prospect Financial Services LLC now owns 1,980 shares of the home improvement retailer’s stock valued at $439,000 after acquiring an additional 178 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $227.59 on Friday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The company has a market cap of $127.64 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.21 and a beta of 0.87. The firm has a fifty day moving average price of $247.66 and a two-hundred day moving average price of $237.39.

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

Lowe’s Companies Announces Dividend

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

Analyst Ratings Changes

LOW has been the topic of several recent research reports. KeyCorp raised their target price 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. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Truist Financial lowered their price target on Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Evercore ISI cut their price objective on Lowe’s Companies from $245.00 to $240.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Finally, Wells Fargo & Company lowered their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $278.91.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the company’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 in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently 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.