MGO One Seven LLC Has $3.64 Million Position in Lowe’s Companies, Inc. $LOW

MGO One Seven LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,382 shares of the home improvement retailer’s stock after purchasing an additional 2,038 shares during the period. MGO One Seven LLC’s holdings in Lowe’s Companies were worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Welch Group LLC raised its holdings in shares of Lowe’s Companies by 12.1% during the second quarter. Welch Group LLC now owns 1,210 shares of the home improvement retailer’s stock valued at $269,000 after purchasing an additional 131 shares during the period. Bill Few Associates Inc. raised its stake in Lowe’s Companies by 36.9% during the 2nd quarter. Bill Few Associates Inc. now owns 1,294 shares of the home improvement retailer’s stock worth $287,000 after buying an additional 349 shares during the period. Hazlett Burt & Watson Inc. raised its position in shares of Lowe’s Companies by 6.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,795 shares of the home improvement retailer’s stock worth $399,000 after purchasing an additional 101 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Lowe’s Companies by 11.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 111,244 shares of the home improvement retailer’s stock worth $25,435,000 after purchasing an additional 11,070 shares during the period. Finally, Clarendon Private LLC raised its position in shares of Lowe’s Companies by 7.0% during the second quarter. Clarendon Private LLC now owns 2,492 shares of the home improvement retailer’s stock worth $553,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of several research reports. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. KeyCorp upped their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Wolfe Research initiated coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They issued an “outperform” rating for the company. Finally, UBS Group increased their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $283.13.

Lowe’s Companies Trading Up 0.8%

Shares of LOW opened at $234.11 on Tuesday. The company has a market capitalization of $131.30 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.15 and a beta of 0.88. The stock has a 50 day moving average of $254.92 and a 200 day moving average of $234.46. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 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 (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the firm posted $4.10 EPS. 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, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Insider Activity at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 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 at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Company 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.