First Horizon Advisors Inc. Sells 960 Shares of Lowe’s Companies, Inc. $LOW

First Horizon Advisors Inc. reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,641 shares of the home improvement retailer’s stock after selling 960 shares during the quarter. First Horizon Advisors Inc.’s holdings in Lowe’s Companies were worth $2,805,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its position in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after acquiring an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its position in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Lowe’s Companies by 2.8% in the 1st quarter. TD Private Client Wealth LLC now owns 4,732 shares of the home improvement retailer’s stock worth $1,104,000 after purchasing an additional 127 shares during the period. Stratos Investment Management LLC raised its holdings in shares of Lowe’s Companies by 22.2% in the 1st quarter. Stratos Investment Management LLC now owns 4,079 shares of the home improvement retailer’s stock worth $951,000 after purchasing an additional 741 shares during the period. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 3.1% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,550 shares of the home improvement retailer’s stock worth $595,000 after purchasing an additional 76 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Down 1.4%

Shares of LOW opened at $234.42 on Thursday. The business’s 50-day moving average price is $251.69 and its 200-day moving average price is $236.76. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The stock has a market cap of $131.47 billion, a PE ratio of 19.26, a P/E/G ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last posted its 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 business 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 revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial lifted their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Oppenheimer boosted their price objective on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Insider Activity

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The sale 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 company’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 completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at $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. In the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Company 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.