Lowe’s Companies, Inc. $LOW Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 243,453 shares of the home improvement retailer’s stock after selling 6,035 shares during the quarter. Cetera Investment Advisers’ holdings in Lowe’s Companies were worth $54,015,000 at the end of the most recent quarter.

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

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $227.59 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The firm’s 50-day simple moving average is $247.66 and its 200-day simple moving average is $237.39. The firm 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.

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 for the quarter, beating 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 analyst estimates of $23.99 billion. During the same period in the previous year, the company earned $4.10 earnings per share. Lowe’s Companies’s quarterly revenue 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. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays set a $267.00 price target on Lowe’s Companies in a report on Thursday, August 21st. Robert W. Baird raised their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Stifel Nicolaus dropped their price target on shares of Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday. Truist Financial decreased their price objective on shares of 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, Oppenheimer lifted their target price on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $278.91.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was 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. The trade was a 27.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

About Lowe’s Companies

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.