Lowe’s Companies, Inc. $LOW Shares Acquired by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 158.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,953 shares of the home improvement retailer’s stock after acquiring an additional 2,425 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Lowe’s Companies were worth $877,000 as of its most recent SEC filing.

A number of other hedge funds and 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 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after acquiring an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Lowe’s Companies by 54.9% in the 1st quarter. Farther Finance Advisors LLC now owns 12,808 shares of the home improvement retailer’s stock worth $2,997,000 after acquiring an additional 4,540 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Lowe’s Companies by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,339 shares of the home improvement retailer’s stock worth $1,945,000 after acquiring an additional 257 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Lowe’s Companies by 15.3% during the 1st quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer’s stock worth $1,657,000 after purchasing an additional 944 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe’s Companies in a research report on Thursday, August 21st. DA Davidson raised their price objective on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company raised their price objective on Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $283.13.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $237.62 on Thursday. The business has a 50-day moving average of $254.58 and a 200 day moving average of $234.36. The stock 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. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01.

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

Lowe’s Companies Dividend Announcement

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

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last three months. 0.27% of the stock is owned by company insiders.

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.