XML Financial LLC Buys 320 Shares of Lowe’s Companies, Inc. $LOW

XML Financial LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,787 shares of the home improvement retailer’s stock after acquiring an additional 320 shares during the quarter. XML Financial LLC’s holdings in Lowe’s Companies were worth $1,284,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SeaBridge Investment Advisors LLC lifted its holdings in shares of Lowe’s Companies by 3.7% during 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 purchasing an additional 465 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Lowe’s Companies by 1.2% during 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 purchasing an additional 1,470 shares in the last quarter. Larson Financial Group LLC lifted 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 purchasing an additional 1,242 shares in the last quarter. Advent Capital Management DE lifted its holdings in shares of Lowe’s Companies by 20.0% during the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its holdings in shares of Lowe’s Companies by 12.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock valued at $6,848,000 after purchasing an additional 3,295 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their target price on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 18th. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Wolfe Research assumed coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating on the stock. Barclays set a $267.00 target price on Lowe’s Companies in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada boosted their target price on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.50.

Lowe’s Companies Trading Down 0.8%

LOW stock opened at $251.20 on Wednesday. The firm has a market capitalization of $140.88 billion, a PE ratio of 20.64, a PEG ratio of 2.34 and a beta of 0.87. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The business’s 50 day simple moving average is $252.74 and its 200 day simple moving average is $233.68.

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

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe’s Companies’s payout ratio is 39.44%.

Insider Transactions at Lowe’s Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,931 shares of company stock valued at $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.