Lowe’s Companies, Inc. $LOW Shares Sold by Hixon Zuercher LLC

Hixon Zuercher LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 9.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,491 shares of the home improvement retailer’s stock after selling 2,397 shares during the period. Lowe’s Companies makes up 1.7% of Hixon Zuercher LLC’s holdings, making the stock its 22nd biggest position. Hixon Zuercher LLC’s holdings in Lowe’s Companies were worth $5,212,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in Lowe’s Companies in the 1st quarter worth approximately $32,000. Olistico Wealth LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $33,000. TruNorth Capital Management LLC purchased a new position in Lowe’s Companies during the first quarter worth approximately $38,000. JNBA Financial Advisors lifted its position in Lowe’s Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after buying an additional 100 shares in the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new position in Lowe’s Companies during the first quarter worth $44,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $243.06 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $280.64. The company has a 50 day moving average price of $254.64 and a 200 day moving average price of $235.63. The stock has a market capitalization of $136.31 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the company posted $4.10 EPS. The firm’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, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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 issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 39.44%.

Wall Street Analyst Weigh In

LOW has been the topic of several analyst reports. Wolfe Research assumed coverage on Lowe’s Companies in a report on Wednesday, September 17th. They set an “outperform” rating on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. KeyCorp raised their price target on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Piper Sandler upped their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Truist Financial increased their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $282.91.

Insider Buying and Selling

In related 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 value of $238,938.80. Following the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade 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 through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

About Lowe’s Companies

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.