Lowe’s Companies, Inc. $LOW Shares Purchased by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,490 shares of the home improvement retailer’s stock after purchasing an additional 189 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Lowe’s Companies were worth $1,440,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Lowe’s Companies in the first quarter worth approximately $32,000. Olistico Wealth LLC acquired a new stake in Lowe’s Companies in the second quarter worth approximately $33,000. Inlight Wealth Management LLC acquired a new stake in Lowe’s Companies in the first quarter worth approximately $36,000. TruNorth Capital Management LLC acquired a new stake in Lowe’s Companies in the first quarter worth approximately $38,000. Finally, JNBA Financial Advisors lifted its position in Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock valued at $24,945,752 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Up 0.7%

Shares of NYSE:LOW opened at $244.81 on Friday. The company’s fifty day moving average is $255.21 and its two-hundred day moving average is $234.69. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $282.70. The company has a market cap of $137.30 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88.

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 net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the previous year, the business earned $4.10 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is 39.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LOW shares. 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 increased their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research report 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 report on Thursday, August 21st. Truist Financial increased their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Oppenheimer increased their price objective on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.91.

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.