Lowe’s Companies, Inc. $LOW Shares Sold by Sfmg LLC

Sfmg LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,187 shares of the home improvement retailer’s stock after selling 271 shares during the quarter. Sfmg LLC’s holdings in Lowe’s Companies were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Solstein Capital LLC lifted its position in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the last quarter. Traub Capital Management LLC purchased a new position in shares of Lowe’s Companies during the second quarter worth about $30,000. Olistico Wealth LLC acquired a new stake in shares of Lowe’s Companies during the second quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Lowe’s Companies by 101.0% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after purchasing an additional 97 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 valued at about $44,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 2.5%

Shares of NYSE:LOW opened at $234.12 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $280.64. The firm’s 50-day simple moving average is $243.31 and its 200-day simple moving average is $237.39. The company has a market cap of $131.30 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s payout ratio is 39.80%.

Analyst Upgrades and Downgrades

Several research firms have commented on LOW. KeyCorp lifted their price target on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Truist Financial lowered their target price on shares of Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird reduced their price target on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday. Oppenheimer increased 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. Finally, Mizuho lowered their price objective on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.41.

Insider Activity at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,931 shares of company stock worth $14,381,752 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

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.