Lowe’s Companies, Inc. $LOW Holdings Decreased by Wilson & Boucher Capital Management LLC

Wilson & Boucher Capital Management LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,640 shares of the home improvement retailer’s stock after selling 400 shares during the quarter. Wilson & Boucher Capital Management LLC’s holdings in Lowe’s Companies were worth $849,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LOW. State of Alaska Department of Revenue increased its stake in Lowe’s Companies by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock valued at $29,223,000 after buying an additional 1,470 shares during the period. Larson Financial Group LLC grew its holdings in shares of Lowe’s Companies by 8.1% during the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after acquiring an additional 1,242 shares in the last quarter. Advent Capital Management DE increased its stake in shares of 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 worth $4,198,000 after acquiring an additional 3,000 shares during the last quarter. Cornerstone Wealth Group LLC raised its holdings in shares of Lowe’s Companies by 12.6% during the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock worth $6,848,000 after acquiring an additional 3,295 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its position in Lowe’s Companies by 2.3% during the first quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer’s stock valued at $12,945,000 after purchasing an additional 1,251 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LOW shares. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies 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. KeyCorp raised their target price on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Wells Fargo & Company boosted their price target on Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus increased their price objective on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a report on Monday, August 18th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $284.13.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 49,121 shares of company stock worth $13,003,146 over the last three months. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $272.95 on Tuesday. The stock has a market capitalization of $153.08 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The company has a 50-day moving average of $239.88 and a two-hundred day moving average of $230.87. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued 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 company had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

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.