Lowe’s Companies, Inc. $LOW Shares Bought by KBC Group NV

KBC Group NV increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,142 shares of the home improvement retailer’s stock after purchasing an additional 7,185 shares during the quarter. KBC Group NV’s holdings in Lowe’s Companies were worth $42,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC boosted its position in Lowe’s Companies by 3.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after purchasing an additional 465 shares during the period. Advent Capital Management DE boosted its position in shares of Lowe’s Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock worth $4,198,000 after buying an additional 3,000 shares during the period. Strathmore Capital Advisors Inc. acquired a new stake in shares of Lowe’s Companies in the second quarter valued at about $2,717,000. First Pacific Financial lifted its position in Lowe’s Companies by 147.3% during the 2nd quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock worth $611,000 after acquiring an additional 1,639 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Lowe’s Companies by 8.1% in the 1st quarter. Public Sector Pension Investment Board now owns 489,388 shares of the home improvement retailer’s stock worth $114,140,000 after acquiring an additional 36,815 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $234.75 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The firm has a market capitalization of $131.65 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The stock has a fifty day moving average of $249.17 and a two-hundred day moving average of $237.29.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion during 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 firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,931 shares of company stock worth $24,945,752 over the last three months. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LOW. Sanford C. Bernstein boosted their price target on Lowe’s Companies from $279.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho increased their price objective 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. Finally, Piper Sandler lifted their target price 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. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.50.

About Lowe’s Companies

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.