Thoroughbred Financial Services LLC Sells 12,209 Shares of Lowe’s Companies, Inc. $LOW

Thoroughbred Financial Services LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 57.9% during the second quarter, Holdings Channel reports. The firm owned 8,870 shares of the home improvement retailer’s stock after selling 12,209 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Lowe’s Companies were worth $1,968,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Lowe’s Companies during the first quarter valued at approximately $681,215,000. Pacer Advisors Inc. lifted its position in shares of Lowe’s Companies by 2,984.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after purchasing an additional 1,971,996 shares during the period. Wellington Management Group LLP boosted its stake in shares of Lowe’s Companies by 49.0% during the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares in the last quarter. Invesco Ltd. increased its position in shares of Lowe’s Companies by 10.6% during 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 during the period. Finally, Goldman Sachs Group Inc. lifted 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 worth $1,192,213,000 after buying an additional 330,701 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. UBS Group raised their target price on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Wolfe Research began coverage on shares of Lowe’s Companies in a research report on Wednesday, September 17th. They issued an “outperform” rating on the stock. DA Davidson boosted their price objective on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Royal Bank Of Canada upped their price objective on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $278.91.

Insider Activity at Lowe’s Companies

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 in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 over the last quarter. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Stock Down 1.7%

NYSE:LOW opened at $227.59 on Friday. The stock has a market cap of $127.64 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.21 and a beta of 0.87. The company’s 50 day moving average price is $247.66 and its 200-day moving average price is $237.39. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (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 business had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the prior year, the firm posted $4.10 EPS. The firm’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. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 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.