Lowe’s Companies, Inc. $LOW Stock Position Lowered by MBL Wealth LLC

MBL Wealth LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,546 shares of the home improvement retailer’s stock after selling 77 shares during the period. MBL Wealth LLC’s holdings in Lowe’s Companies were worth $787,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fairway Wealth LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter worth approximately $32,000. Inlight Wealth Management LLC acquired a new position in Lowe’s Companies in the first quarter worth approximately $36,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies in the first quarter worth approximately $38,000. JNBA Financial Advisors increased its holdings in shares of Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. Finally, Orion Capital Management LLC lifted its position in shares of Lowe’s Companies by 34.2% during the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after acquiring an additional 50 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

NYSE LOW opened at $246.24 on Friday. The firm has a market capitalization of $138.10 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.28 and a beta of 0.88. The company has a 50 day simple moving average of $253.95 and a 200-day simple moving average of $234.14. 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 announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for 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 firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Saturday, September 27th. Wolfe Research initiated coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating on the stock. Robert W. Baird upped their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. UBS Group lifted their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Finally, Mizuho boosted their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $285.50.

Insider Transactions at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last ninety days. Company insiders own 0.27% of the company’s stock.

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.