Wealthfront Advisers LLC Has $16.08 Million Holdings in Lowe’s Companies, Inc. $LOW

Wealthfront Advisers LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,456 shares of the home improvement retailer’s stock after selling 7,200 shares during the quarter. Wealthfront Advisers LLC’s holdings in Lowe’s Companies were worth $16,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. Brighton Jones LLC increased its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. GAMMA Investing LLC increased its holdings in Lowe’s Companies by 15.3% in the 1st quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock worth $1,657,000 after purchasing an additional 944 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Lowe’s Companies by 15.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,084 shares of the home improvement retailer’s stock worth $16,009,000 after purchasing an additional 9,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Lowe’s Companies by 5.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,174 shares of the home improvement retailer’s stock valued at $23,442,000 after purchasing an additional 4,846 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research analyst reports. Stifel Nicolaus upped their target price on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research report on Monday, August 18th. Wolfe Research initiated coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They set an “outperform” rating on the stock. Robert W. Baird upped their target price on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. UBS Group upped their target price on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Barclays set a $267.00 target price on Lowe’s Companies in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $282.91.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 40,000 shares of the 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 sale, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Stock Performance

LOW stock opened at $243.06 on Monday. The stock’s 50 day simple moving average is $254.64 and its 200 day simple moving average is $235.72. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $280.64. The company has a market cap of $136.31 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm 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 company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 39.44%.

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.