Good Life Advisors LLC Has $1.98 Million Stake in Lowe’s Companies, Inc. $LOW

Good Life Advisors LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,912 shares of the home improvement retailer’s stock after selling 369 shares during the quarter. Good Life Advisors LLC’s holdings in Lowe’s Companies were worth $1,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Solstein Capital LLC lifted its stake 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 valued at $29,000 after purchasing an additional 113 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of Lowe’s Companies during the second quarter worth $33,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Lowe’s Companies by 101.0% during the second 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 during the last quarter. Vista Cima Wealth Management LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth $44,000. Finally, Orion Capital Management LLC lifted its stake in shares of Lowe’s Companies by 34.2% in the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after acquiring an additional 50 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 92,931 shares of company stock valued at $24,945,752 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Barclays set a $267.00 price objective on Lowe’s Companies in a research note on Thursday, August 21st. KeyCorp raised their price objective 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. Finally, Mizuho boosted their target price on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Sixteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.50.

Lowe’s Companies Stock Down 1.4%

LOW stock opened at $231.44 on Friday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The firm has a market cap of $129.80 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.21 and a beta of 0.87. The company’s fifty day simple moving average is $248.51 and its 200 day simple moving average is $237.25.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the firm earned $4.10 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a $1.20 dividend. The ex-dividend date 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 39.44%.

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.