Thoroughbred Financial Services LLC Sells 12,209 Shares of Lowe’s Companies, Inc. $LOW

Thoroughbred Financial Services LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 57.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,870 shares of the home improvement retailer’s stock after selling 12,209 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Lowe’s Companies were worth $1,968,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Solstein Capital LLC increased its position in shares of Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares during the period. Olistico Wealth LLC bought a new stake in Lowe’s Companies during the 2nd quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC lifted its stake in 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 worth $43,000 after purchasing an additional 97 shares in the last quarter. Orion Capital Management LLC lifted its stake in Lowe’s Companies by 34.2% in the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock worth $46,000 after purchasing an additional 50 shares in the last quarter. Finally, Forbes J M & Co. LLP bought a new position in Lowe’s Companies in the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated 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 owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, 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 SEC filing for this sale provides additional information. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 over the last three months. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

NYSE:LOW opened at $227.59 on Friday. The company has a market capitalization of $127.64 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.21 and a beta of 0.87. The business has a 50 day moving average of $247.66 and a 200 day moving average of $237.39. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion for 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%. During the same period last year, the firm posted $4.10 earnings per share. The business’s 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. As a group, sell-side analysts anticipate 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 was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LOW. Robert W. Baird increased their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Wells Fargo & Company lowered their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Wolfe Research started coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They set an “outperform” rating for the company. KeyCorp upped their price objective on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lowe’s Companies from $283.00 to $275.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $278.91.

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.