Insider Selling: Lowe’s Companies (NYSE:LOW) EVP Sells 9,330 Shares of Stock

Lowe’s Companies, Inc. (NYSE:LOW) EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This trade represents a 36.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Lowe’s Companies Stock Performance

LOW traded up $4.83 during midday trading on Thursday, reaching $222.10. 6,625,501 shares of the company were exchanged, compared to its average volume of 2,866,955. The company has a market cap of $124.53 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.83 and a beta of 0.86. Lowe’s Companies, Inc. has a one year low of $203.40 and a one year high of $293.06. The company’s fifty day moving average price is $227.64 and its 200 day moving average price is $245.84.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a yield of 2.3%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in LOW. Swiss RE Ltd. bought a new position in Lowe’s Companies during the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies in the fourth quarter worth about $27,000. OLD Second National Bank of Aurora raised its position in Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares during the period. United Financial Planning Group LLC purchased a new position in Lowe’s Companies in the third quarter valued at about $31,000. Finally, Sankala Group LLC purchased a new position in Lowe’s Companies in the fourth quarter valued at about $33,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America reduced their target price on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Royal Bank Of Canada dropped their price target on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 21st. The Goldman Sachs Group cut their price target on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Telsey Advisory Group reduced their price objective on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Finally, Truist Financial decreased their price objective on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.