Bernard Wealth Management Corp. Buys 191 Shares of Lowe’s Companies, Inc. $LOW

Bernard Wealth Management Corp. lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% during the second quarter, HoldingsChannel.com reports. The fund owned 4,472 shares of the home improvement retailer’s stock after purchasing an additional 191 shares during the period. Bernard Wealth Management Corp.’s holdings in Lowe’s Companies were worth $992,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LOW. Fairway Wealth LLC acquired a new stake in Lowe’s Companies in the first quarter worth $32,000. Olistico Wealth LLC acquired a new stake in Lowe’s Companies in the second quarter worth $33,000. Inlight Wealth Management LLC acquired a new stake in Lowe’s Companies in the first quarter worth $36,000. TruNorth Capital Management LLC acquired a new stake in Lowe’s Companies in the first quarter worth $38,000. Finally, JNBA Financial Advisors raised its holdings in Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LOW. Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Wells Fargo & Company lifted their price objective on Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Piper Sandler lifted their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Mizuho lifted their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Sixteen investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.13.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, EVP Brandon J. Sink sold 8,192 shares of the business’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 transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE LOW opened at $232.28 on Friday. The stock has a market capitalization of $130.27 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.17 and a beta of 0.88. The stock’s 50 day moving average price is $254.92 and its two-hundred day moving average price is $234.38. 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 released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders 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 2.1%. 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.