Lowe’s Companies, Inc. $LOW Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 86.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,257 shares of the home improvement retailer’s stock after purchasing an additional 9,857 shares during the quarter. Ritholtz Wealth Management’s holdings in Lowe’s Companies were worth $4,716,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LOW. Fairway Wealth LLC acquired a new stake in shares of Lowe’s Companies in the 1st quarter worth approximately $32,000. Olistico Wealth LLC bought a new stake in Lowe’s Companies during the second quarter worth approximately $33,000. Inlight Wealth Management LLC acquired a new stake in Lowe’s Companies in the first quarter worth approximately $36,000. TruNorth Capital Management LLC acquired a new stake in Lowe’s Companies in the first quarter worth approximately $38,000. Finally, JNBA Financial Advisors boosted its stake in Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the company’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 completion of the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% 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 over the last three months. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on LOW shares. DA Davidson boosted their price objective on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Royal Bank Of Canada upped their price target on shares of Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their target price on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $282.91.

Lowe’s Companies Trading Up 2.7%

NYSE LOW opened at $240.86 on Wednesday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The company has a market cap of $135.08 billion, a PE ratio of 19.79, a PEG ratio of 2.17 and a beta of 0.88. The stock’s 50-day moving average price is $254.98 and its two-hundred day moving average price is $234.50.

Lowe’s Companies (NYSE:LOW) last released its 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. 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 for the quarter, compared to the consensus estimate of $23.99 billion. During the same period last year, the firm posted $4.10 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

About Lowe’s Companies

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.