Renasant Bank Has $224,000 Stake in Lowe’s Companies, Inc. $LOW

Renasant Bank cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 19.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,011 shares of the home improvement retailer’s stock after selling 246 shares during the quarter. Renasant Bank’s holdings in Lowe’s Companies were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Solstein Capital LLC grew its position in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter. Orion Capital Management LLC increased its position in Lowe’s Companies by 34.2% during the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 50 shares in the last quarter. Finally, Forbes J M & Co. LLP bought a new position in Lowe’s Companies in the 1st quarter valued at approximately $47,000. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $235.53 on Wednesday. The stock has a market capitalization of $132.09 billion, a PE ratio of 19.35, a PEG ratio of 2.21 and a beta of 0.87. The business’s 50 day simple moving average is $249.68 and its 200 day simple moving average is $237.31. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the previous year, the company earned $4.10 EPS. The company’s revenue for the quarter 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. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 39.44%.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. Mizuho boosted their target price on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Wells Fargo & Company reduced their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on Lowe’s Companies from $283.00 to $275.00 and set an “overweight” rating for the company in a research report on Monday. Piper Sandler lifted their price target on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Truist Financial lowered their price objective on Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $280.50.

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.