1,500 Shares in Lowe’s Companies, Inc. $LOW Bought by Arista Wealth Management LLC

Arista Wealth Management LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the second quarter, Holdings Channel reports. The institutional investor acquired 1,500 shares of the home improvement retailer’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Lowe’s Companies by 0.4% in the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock valued at $12,736,545,000 after buying an additional 230,359 shares in the last quarter. Invesco Ltd. increased its holdings in Lowe’s Companies by 10.6% in the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after buying an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Lowe’s Companies by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after buying an additional 330,701 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Lowe’s Companies by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock valued at $881,406,000 after buying an additional 225,964 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Lowe’s Companies by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer’s stock valued at $816,711,000 after buying an additional 42,676 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.7%

LOW opened at $244.81 on Friday. The firm has a market capitalization of $137.30 billion, a PE ratio of 20.12, a PEG ratio of 2.25 and a beta of 0.88. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $282.70. The firm’s 50-day moving average price is $255.21 and its 200 day moving average price is $234.69.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share 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 dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s payout ratio is presently 39.44%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a 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 that occurred 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 of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock valued at $24,945,752. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LOW shares. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report 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 company a “buy” rating in a research report on Thursday, August 21st. Wolfe Research assumed coverage on shares of Lowe’s Companies in a research note on Wednesday, September 17th. They set an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $282.91.

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.