Advisory Alpha LLC Grows Position in Lowe’s Companies, Inc. $LOW

Advisory Alpha LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,766 shares of the home improvement retailer’s stock after purchasing an additional 144 shares during the quarter. Advisory Alpha LLC’s holdings in Lowe’s Companies were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Solstein Capital LLC lifted its stake in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 113 shares in the last quarter. Fairway Wealth LLC acquired a new position in Lowe’s Companies during the 1st quarter worth about $32,000. Olistico Wealth LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth about $33,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies during the 1st quarter worth about $38,000. Finally, JNBA Financial Advisors lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on LOW shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. KeyCorp increased their price target on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. DA Davidson increased their price target on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research report on Thursday, August 21st. Wolfe Research assumed coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. increased their price target on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $282.59.

Lowe’s Companies Price Performance

LOW stock opened at $244.19 on Wednesday. The firm has a market capitalization of $136.95 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.26 and a beta of 0.88. The business’s 50-day moving average is $254.26 and its two-hundred day moving average is $236.02. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the company earned $4.10 EPS. The business’s quarterly revenue 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, analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Insiders Place Their Bets

In other news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 over the last 90 days. Insiders own 0.27% of the company’s stock.

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.