Lowe’s Companies, Inc. $LOW Shares Sold by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 32.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,549 shares of the home improvement retailer’s stock after selling 742 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Lowe’s Companies were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Comprehensive Financial Consultants Institutional Inc. increased its position in Lowe’s Companies by 8.1% during the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,037 shares of the home improvement retailer’s stock worth $1,561,000 after purchasing an additional 529 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its position in Lowe’s Companies by 38.6% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 3,358 shares of the home improvement retailer’s stock worth $745,000 after purchasing an additional 936 shares during the last quarter. Belpointe Asset Management LLC increased its position in Lowe’s Companies by 58.0% during the second quarter. Belpointe Asset Management LLC now owns 13,135 shares of the home improvement retailer’s stock worth $2,914,000 after purchasing an additional 4,822 shares during the last quarter. Confluence Wealth Services Inc. increased its position in Lowe’s Companies by 3.1% during the second quarter. Confluence Wealth Services Inc. now owns 7,692 shares of the home improvement retailer’s stock worth $1,707,000 after purchasing an additional 232 shares during the last quarter. Finally, Appleton Partners Inc. MA increased its position in Lowe’s Companies by 1.5% during the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LOW. Mizuho upped their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Piper Sandler boosted their price objective 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. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. DA Davidson boosted 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 boosted 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. Seventeen 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 stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $285.50.

Lowe’s Companies Trading Down 1.9%

Shares of LOW stock opened at $241.67 on Tuesday. The company has a market capitalization of $135.54 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.28 and a beta of 0.88. The firm has a fifty day simple moving average of $254.18 and a 200-day simple moving average of $234.30. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced 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 business had revenue of $23.96 billion during 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 business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated Friday, September 5th. The shares were 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 in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% of the company’s stock.

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.