Wealthspire Advisors LLC Boosts Stake in Lowe’s Companies, Inc. $LOW

Wealthspire Advisors LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,496 shares of the home improvement retailer’s stock after acquiring an additional 416 shares during the period. Wealthspire Advisors LLC’s holdings in Lowe’s Companies were worth $3,660,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LOW. Brighton Jones LLC increased its stake in shares of 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 buying an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings 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 purchasing an additional 259 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of Lowe’s Companies by 116.9% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 3,099 shares of the home improvement retailer’s stock valued at $723,000 after buying an additional 1,670 shares during the last quarter. Forbes J M & Co. LLP bought a new position in shares of Lowe’s Companies during the first quarter valued at approximately $47,000. Finally, Roundview Capital LLC increased its position in Lowe’s Companies by 1.1% in the first quarter. Roundview Capital LLC now owns 10,421 shares of the home improvement retailer’s stock worth $2,430,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Piper Sandler raised their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. KeyCorp lifted their target price on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus dropped their price target on Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, November 14th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $276.14.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 52,931 shares of company stock worth $14,381,752. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Up 4.1%

LOW stock opened at $228.50 on Thursday. The firm has a market cap of $128.15 billion, a PE ratio of 18.78, a PEG ratio of 2.21 and a beta of 0.87. The company has a fifty day simple moving average of $244.95 and a 200 day simple moving average of $237.39. 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 announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 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 $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter in the prior year, the business earned $2.89 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s payout ratio is 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.