Lowe’s Companies, Inc. $LOW Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 20.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,700 shares of the home improvement retailer’s stock after selling 712 shares during the quarter. Simon Quick Advisors LLC’s holdings in Lowe’s Companies were worth $599,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC lifted its holdings in Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares in the last quarter. Fairway Wealth LLC acquired a new position in Lowe’s Companies in the 1st quarter worth $32,000. Olistico Wealth LLC acquired a new position in Lowe’s Companies in the 2nd quarter worth $33,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies in the 1st quarter worth $38,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings 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 buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent analyst reports. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Royal Bank Of Canada lifted their price target on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. Mizuho boosted their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Finally, KeyCorp upped their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $282.59.

Lowe’s Companies Stock Down 0.6%

Shares of LOW stock opened at $238.29 on Friday. The company has a market cap of $133.64 billion, a P/E ratio of 19.58, a PEG ratio of 2.21 and a beta of 0.88. The business has a 50 day moving average of $253.05 and a two-hundred day moving average of $236.38. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. The business’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. Analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Insider Activity

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The transaction 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 shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 over the last ninety days. Insiders own 0.27% of the company’s stock.

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.