Lowe’s Companies, Inc. $LOW Holdings Lifted by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,378 shares of the home improvement retailer’s stock after purchasing an additional 164 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Lowe’s Companies were worth $528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Fairway Wealth LLC bought a new position in Lowe’s Companies in the 1st quarter worth about $32,000. Olistico Wealth LLC bought a new position in Lowe’s Companies in the 2nd quarter worth about $33,000. TruNorth Capital Management LLC bought a new position in Lowe’s Companies in the 1st quarter worth about $38,000. JNBA Financial Advisors grew its position in Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter worth approximately $44,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $243.54 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The firm has a market cap of $136.59 billion, a PE ratio of 20.01, a P/E/G ratio of 2.27 and a beta of 0.88. The firm has a 50 day simple moving average of $255.01 and a 200 day simple moving average of $235.04.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same period in the prior year, the business earned $4.10 earnings per share. The business’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 expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on LOW shares. JPMorgan Chase & Co. upped their price target 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. Oppenheimer upped their price target on shares of Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Royal Bank Of Canada upped their price target on shares of Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. Piper Sandler upped their price target on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Truist Financial upped their price target 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. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $282.91.

Insider Activity

In related news, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were 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 in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last quarter. Insiders own 0.27% of the company’s stock.

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.