Lowe’s Companies (NYSE:LOW) EVP Margrethe Vagell Sells 2,500 Shares of Stock

Lowe’s Companies, Inc. (NYSE:LOW) EVP Margrethe Vagell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded down $7.93 during trading on Monday, reaching $214.27. The stock had a trading volume of 3,157,706 shares, compared to its average volume of 2,870,975. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06. The firm’s fifty day moving average is $227.02 and its 200 day moving average is $245.52. The stock has a market cap of $120.14 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 2.81 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe’s Companies’s dividend payout ratio is 40.57%.

Institutional Trading of Lowe’s Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOW. Swiss RE Ltd. bought a new position in Lowe’s Companies in the fourth quarter worth approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $27,000. OLD Second National Bank of Aurora raised its position in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 42 shares during the period. United Financial Planning Group LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter worth $31,000. Finally, Sankala Group LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth $33,000. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on LOW shares. Benchmark initiated coverage on Lowe’s Companies in a research report on Tuesday, May 12th. They set a “hold” rating on the stock. Truist Financial lowered their target price on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, May 21st. William Blair assumed coverage on Lowe’s Companies in a research note on Tuesday, May 12th. They issued an “overweight” rating on the stock. Piper Sandler cut their price target on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Sanford C. Bernstein reduced their price objective on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.