Opal Wealth Advisors LLC Increases Stake in Lowe’s Companies, Inc. $LOW

Opal Wealth Advisors LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% in the second quarter, Holdings Channel.com reports. The firm owned 2,806 shares of the home improvement retailer’s stock after acquiring an additional 121 shares during the period. Opal Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $623,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of Lowe’s Companies in the 1st quarter valued at $32,000. Inlight Wealth Management LLC bought a new stake in Lowe’s Companies during the 1st quarter valued at $36,000. IFS Advisors LLC raised its holdings in Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 60 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in Lowe’s Companies during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $260.86 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The company has a 50-day moving average of $248.40 and a 200 day moving average of $232.62. The firm has a market cap of $146.30 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 2.45 and a beta of 0.87.

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 the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the firm posted $4.10 EPS. Lowe’s Companies’s revenue for the quarter was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Cuts 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 given a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 39.44%.

Wall Street Analyst Weigh In

LOW has been the subject of a number of recent analyst reports. Piper Sandler upped their price target on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. 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. Barclays set a $267.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Mizuho upped 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. Finally, Truist Financial upped their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $284.88.

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,931 shares of company stock valued at $24,945,752. 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.