Hager Investment Management Services LLC Increases Stake in Lowe’s Companies, Inc. $LOW

Hager Investment Management Services LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,094 shares of the home improvement retailer’s stock after buying an additional 259 shares during the period. Hager Investment Management Services LLC’s holdings in Lowe’s Companies were worth $1,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Lowe’s Companies during the first quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new stake in Lowe’s Companies during the second quarter valued at approximately $33,000. Inlight Wealth Management LLC purchased a new stake in Lowe’s Companies during the first quarter valued at approximately $36,000. TruNorth Capital Management LLC purchased a new stake in Lowe’s Companies during the first quarter valued at approximately $38,000. Finally, JNBA Financial Advisors increased its stake in shares of Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

NYSE LOW opened at $237.62 on Thursday. The company has a market capitalization of $133.26 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88. The company’s 50-day simple moving average is $254.58 and its two-hundred day simple moving average is $234.36. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01.

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

Lowe’s Companies Announces Dividend

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

Insider Activity

In other news, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction that occurred on 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 transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LOW has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Truist Financial increased their price objective on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. DA Davidson increased 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. Finally, Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $283.13.

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.