Hobbs Group Advisors LLC Grows Stock Holdings in Lowe’s Companies, Inc. $LOW

Hobbs Group Advisors LLC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.5% during the first quarter, Holdings Channel reports. The institutional investor owned 912 shares of the home improvement retailer’s stock after acquiring an additional 64 shares during the period. Hobbs Group Advisors LLC’s holdings in Lowe’s Companies were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LOW. Ameriprise Financial Inc. lifted its holdings in shares of Lowe’s Companies by 5.5% in the first quarter. Ameriprise Financial Inc. now owns 2,609,325 shares of the home improvement retailer’s stock valued at $602,713,000 after purchasing an additional 135,245 shares in the last quarter. Bragg Financial Advisors Inc lifted its holdings in shares of Lowe’s Companies by 1.0% in the first quarter. Bragg Financial Advisors Inc now owns 32,327 shares of the home improvement retailer’s stock valued at $7,540,000 after purchasing an additional 324 shares in the last quarter. Norinchukin Bank The raised its position in shares of Lowe’s Companies by 15.3% in the first quarter. Norinchukin Bank The now owns 30,074 shares of the home improvement retailer’s stock valued at $7,014,000 after buying an additional 3,985 shares during the last quarter. CW Advisors LLC raised its position in shares of Lowe’s Companies by 14.7% in the first quarter. CW Advisors LLC now owns 52,862 shares of the home improvement retailer’s stock valued at $12,325,000 after buying an additional 6,787 shares during the last quarter. Finally, Summit Financial LLC raised its position in shares of Lowe’s Companies by 36.6% in the first quarter. Summit Financial LLC now owns 13,671 shares of the home improvement retailer’s stock valued at $3,188,000 after buying an additional 3,666 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LOW. KeyCorp boosted their price objective on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday. Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup cut their price objective on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. DA Davidson boosted their price objective on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $284.33.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Lowe’s Companies Stock Down 0.5%

LOW opened at $255.8520 on Friday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a 50 day moving average of $229.15 and a two-hundred day moving average of $230.35. The company has a market cap of $143.39 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.43 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the previous year, the firm earned $4.10 earnings per share. Lowe’s Companies’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. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were paid a dividend of $1.20 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, July 23rd. Lowe’s Companies’s payout ratio is presently 39.77%.

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.