Sound Financial Strategies Group LLC Sells 794 Shares of Lowe’s Companies, Inc. $LOW

Sound Financial Strategies Group LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 25.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,343 shares of the home improvement retailer’s stock after selling 794 shares during the quarter. Sound Financial Strategies Group LLC’s holdings in Lowe’s Companies were worth $520,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in Lowe’s Companies during the first quarter valued at $681,215,000. Pacer Advisors Inc. grew its stake in Lowe’s Companies by 2,984.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock worth $475,339,000 after buying an additional 1,971,996 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 49.0% during the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after buying an additional 618,775 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Lowe’s Companies by 10.6% during the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock worth $1,214,448,000 after acquiring an additional 501,154 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Lowe’s Companies by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock worth $1,192,213,000 after acquiring an additional 330,701 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 1.3%

LOW stock opened at $231.39 on Friday. The stock has a market capitalization of $129.77 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.21 and a beta of 0.87. The firm’s 50-day moving average price is $251.16 and its two-hundred day moving average price is $236.73. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month 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, beating analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s payout ratio is presently 39.44%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LOW shares. 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 lifted their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. KeyCorp increased their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research report on Wednesday, October 8th. Finally, Evercore ISI cut their price target on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm’s 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 directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last ninety days. Insiders own 0.27% of the company’s stock.

Lowe’s Companies 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.