Lowe’s Companies (NYSE:LOW) EVP Sells $559,575.00 in Stock

Lowe’s Companies, Inc. (NYSE:LOW) EVP Margrethe Vagell sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. The trade was a 11.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Lowe’s Companies Stock Up 3.6%

NYSE:LOW opened at $221.19 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06. The business has a 50 day moving average price of $225.22 and a two-hundred day moving average price of $244.91. The company has a market cap of $124.02 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same period last year, the business earned $2.92 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is 40.57%.

Institutional Trading of Lowe’s Companies

A number of large investors have recently added to or reduced their stakes in LOW. Swiss RE Ltd. acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Wilkerson Advisory Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $27,000. OLD Second National Bank of Aurora lifted its stake in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. United Financial Planning Group LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $31,000. Finally, Sankala Group LLC bought a new position in Lowe’s Companies during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of several analyst reports. UBS Group cut their price target on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Argus raised their price objective on Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Jefferies Financial Group lowered their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company dropped their target price on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Craig Hallum raised Lowe’s Companies to a “buy” rating in a research report on Tuesday, May 12th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.