Lowe’s Companies, Inc. $LOW Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,476 shares of the home improvement retailer’s stock after acquiring an additional 4,448 shares during the quarter. Prospera Financial Services Inc’s holdings in Lowe’s Companies were worth $15,421,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of Lowe’s Companies by 3.1% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,550 shares of the home improvement retailer’s stock valued at $595,000 after purchasing an additional 76 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Lowe’s Companies by 9.2% during the 1st quarter. Allworth Financial LP now owns 16,057 shares of the home improvement retailer’s stock worth $3,565,000 after purchasing an additional 1,349 shares during the period. Finally, Alps Advisors Inc. increased its position in Lowe’s Companies by 2.5% during the 1st quarter. Alps Advisors Inc. now owns 47,881 shares of the home improvement retailer’s stock worth $11,167,000 after purchasing an additional 1,179 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOW has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Robert W. Baird upped their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Citigroup reduced their price objective on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Finally, Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.00.

Lowe’s Companies Trading Up 0.7%

Shares of LOW opened at $232.92 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64. The firm has a market cap of $130.62 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 2.21 and a beta of 0.87. The stock has a 50 day moving average of $250.65 and a 200-day moving average of $236.87.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data 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 firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same period last year, the business posted $4.10 earnings per share. The firm’s revenue for the quarter 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. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value 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. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares of the company’s stock, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company’s stock.

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.