Chatham Capital Group Inc. Sells 591 Shares of Lowe’s Companies, Inc. $LOW

Chatham Capital Group Inc. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,683 shares of the home improvement retailer’s stock after selling 591 shares during the quarter. Chatham Capital Group Inc.’s holdings in Lowe’s Companies were worth $5,255,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Lowe’s Companies in the 1st quarter valued at about $32,000. Inlight Wealth Management LLC acquired a new position in Lowe’s Companies in the first quarter valued at approximately $36,000. IFS Advisors LLC lifted its holdings in Lowe’s Companies by 60.0% in the first 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 period. TruNorth Capital Management LLC bought a new position in Lowe’s Companies in the first quarter valued at 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 during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Stifel Nicolaus increased their target price on Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 18th. Truist Financial raised their target price on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Piper Sandler boosted their target price on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research 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 has an average rating of “Moderate Buy” and an average target price of $285.50.

Insider Activity at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of the 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 $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Trading Up 0.6%

LOW stock opened at $257.18 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The firm has a market cap of $144.23 billion, a PE ratio of 21.13, a P/E/G ratio of 2.38 and a beta of 0.87. The business’s 50-day moving average price is $251.61 and its two-hundred day moving average price is $233.28.

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. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the firm posted $4.10 earnings per share. Lowe’s Companies’s revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $0.012 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe’s Companies’s payout ratio is presently 39.44%.

Lowe’s Companies Company 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.