Breed s Hill Capital LLC Has $214,000 Stock Holdings in Lowe’s Companies, Inc. $LOW

Breed s Hill Capital LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 40.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 965 shares of the home improvement retailer’s stock after selling 649 shares during the quarter. Breed s Hill Capital LLC’s holdings in Lowe’s Companies were worth $214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Lowe’s Companies by 119.7% during the fourth 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 last quarter. Revolve Wealth Partners LLC increased its position in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Lowe’s Companies by 5.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,610 shares of the home improvement retailer’s stock worth $376,000 after acquiring an additional 86 shares during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in Lowe’s Companies by 9.5% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 1,002 shares of the home improvement retailer’s stock valued at $234,000 after acquiring an additional 87 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in Lowe’s Companies by 20.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 1,359 shares of the home improvement retailer’s stock valued at $317,000 after acquiring an additional 233 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the company’s 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 transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction 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 approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,931 shares of company stock valued at $24,945,752 in the last three months. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 0.2%

LOW stock opened at $234.75 on Thursday. The stock’s fifty day simple moving average is $249.17 and its two-hundred day simple moving average is $237.29. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64. The stock has a market cap of $131.65 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.21 and a beta of 0.87.

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. The firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were given a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s payout ratio is currently 39.44%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LOW shares. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. decreased their price target on Lowe’s Companies from $283.00 to $275.00 and set an “overweight” rating for the company in a report on Monday. Sanford C. Bernstein increased their price target on Lowe’s Companies from $279.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Mizuho raised their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Piper Sandler upped their target price on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.50.

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.