Lowe’s Companies, Inc. $LOW Shares Sold by Bristlecone Advisors LLC

Bristlecone Advisors LLC lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 22.1% in the second quarter, HoldingsChannel reports. The firm owned 1,139 shares of the home improvement retailer’s stock after selling 324 shares during the quarter. Bristlecone Advisors LLC’s holdings in Lowe’s Companies were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LOW. Solstein Capital LLC grew its holdings in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares in the last quarter. Fairway Wealth LLC acquired a new position in Lowe’s Companies during the 1st quarter worth approximately $32,000. Olistico Wealth LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth approximately $33,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies during the 1st quarter worth approximately $38,000. Finally, JNBA Financial Advisors grew its holdings in Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. 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 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LOW. Wolfe Research began coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating for the company. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Evercore ISI lowered their price target on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating for the company in a report on Tuesday, October 14th. Citigroup lowered their price target on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Finally, Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Lowe’s Companies Trading Down 2.4%

Shares of NYSE:LOW opened at $238.30 on Thursday. The company has a market capitalization of $133.65 billion, a PE ratio of 19.58, a P/E/G ratio of 2.26 and a beta of 0.88. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The firm has a 50 day simple moving average of $253.88 and a 200-day simple moving average of $236.15.

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 for the quarter, topping the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 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.