Belpointe Asset Management LLC Reduces Stake in Lowe’s Companies, Inc. $LOW

Belpointe Asset Management LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,313 shares of the home improvement retailer’s stock after selling 170 shares during the quarter. Belpointe Asset Management LLC’s holdings in Lowe’s Companies were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wood Tarver Financial Group LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter valued at approximately $32,000. Orion Capital Management LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter valued at approximately $36,000. Finally, IFS Advisors LLC lifted its stake in shares of Lowe’s Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction 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 approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,121 shares of company stock valued at $13,003,146. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $266.53 on Thursday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The business has a fifty day moving average price of $241.49 and a 200-day moving average price of $231.38. The stock has a market capitalization of $149.48 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.49 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $0.012 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Truist Financial lifted their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Wells Fargo & Company boosted their target price on Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Royal Bank Of Canada boosted their target price on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $284.13.

Lowe’s Companies Company 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.