CBIZ Investment Advisory Services LLC Has $52,000 Stake in Lowe’s Companies, Inc. $LOW

CBIZ Investment Advisory Services LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 41.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224 shares of the home improvement retailer’s stock after buying an additional 66 shares during the quarter. CBIZ Investment Advisory Services LLC’s holdings in Lowe’s Companies were worth $52,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LOW. State of Alaska Department of Revenue boosted its stake in Lowe’s Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock worth $29,223,000 after purchasing an additional 1,470 shares in the last quarter. Larson Financial Group LLC boosted its stake in Lowe’s Companies by 8.1% in the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock worth $3,860,000 after purchasing an additional 1,242 shares in the last quarter. Advent Capital Management DE boosted its stake in 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 purchasing an additional 3,000 shares in the last quarter. Cornerstone Wealth Group LLC boosted its stake in Lowe’s Companies by 12.6% in the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock worth $6,848,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its stake in Lowe’s Companies by 2.3% in the first quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer’s stock worth $12,945,000 after purchasing an additional 1,251 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $272.56 on Friday. The firm has a market cap of $152.86 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.47 and a beta of 0.87. The stock’s 50-day moving average is $242.38 and its 200-day moving average is $231.63. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last 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 analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Citigroup dropped their target price on 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. Royal Bank Of Canada boosted their target price on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Truist Financial upped their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $284.13.

Insider Transactions at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,121 shares of company stock valued at $13,003,146 over the last 90 days. 0.27% of the stock is owned by company insiders.

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.