Advisory Alpha LLC Trims Stake in Lowe’s Companies, Inc. $LOW

Advisory Alpha LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the first quarter, Holdings Channel.com reports. The firm owned 3,622 shares of the home improvement retailer’s stock after selling 118 shares during the quarter. Advisory Alpha LLC’s holdings in Lowe’s Companies were worth $845,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Wood Tarver Financial Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in Lowe’s Companies during the first quarter valued at approximately $32,000. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Lowe’s Companies in the first quarter worth $36,000. Finally, IFS Advisors LLC raised its position in shares of Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 60 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated 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 transaction, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the 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 in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,121 shares of company stock valued at $13,003,146 over the last three months. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Barclays set a $267.00 target price on Lowe’s Companies in a research report on Thursday, August 21st. Truist Financial boosted their price target on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. UBS Group boosted their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, KeyCorp raised their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Sixteen investment 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.13.

Lowe’s Companies Trading Down 1.3%

Shares of NYSE:LOW opened at $269.42 on Wednesday. The company has a 50-day moving average price of $240.70 and a 200 day moving average price of $231.14. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The company has a market cap of $151.10 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.53 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion for 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. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Cuts Dividend

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

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.