Lowe’s Companies, Inc. $LOW Stock Position Reduced by Simmons Bank

Simmons Bank lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,725 shares of the home improvement retailer’s stock after selling 924 shares during the period. Simmons Bank’s holdings in Lowe’s Companies were worth $4,598,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Solstein Capital LLC lifted its holdings 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 buying an additional 113 shares during the last quarter. Olistico Wealth LLC bought a new position in Lowe’s Companies during the 2nd quarter worth approximately $33,000. TruNorth Capital Management LLC bought a new position in Lowe’s Companies during the 1st quarter worth approximately $38,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after buying an additional 97 shares during the last quarter. Finally, Vista Cima Wealth Management LLC bought a new position in Lowe’s Companies during the 1st quarter worth approximately $44,000. Institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of the firm’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 value of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,931 shares of company stock valued at $24,945,752 in the last quarter. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on LOW. DA Davidson increased their target price on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Wells Fargo & Company raised their target price on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Evercore ISI cut their target price on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. Finally, Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $282.59.

Lowe’s Companies Trading Up 0.9%

LOW opened at $237.80 on Wednesday. The business’s 50 day moving average is $252.17 and its 200-day moving average is $236.78. The stock has a market cap of $133.36 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64.

Lowe’s Companies (NYSE:LOW) last posted its 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 negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same period last year, the firm earned $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. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

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

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.