BXM Wealth LLC cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 90.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,231 shares of the home improvement retailer’s stock after selling 30,020 shares during the quarter. BXM Wealth LLC’s holdings in Lowe’s Companies were worth $763,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Swiss RE Ltd. purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $27,000. OLD Second National Bank of Aurora boosted its position in shares of Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $31,000. Finally, Sankala Group LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $33,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Wolfe Research set a $254.00 target price on shares of Lowe’s Companies in a research report on Thursday, May 21st. Oppenheimer lowered their price target on shares of Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Benchmark assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They set a “hold” rating for the company. Weiss Ratings cut shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Wells Fargo & Company cut their price objective on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $264.57.
Lowe’s Companies Trading Down 1.3%
Shares of LOW stock opened at $219.68 on Tuesday. The company has a market capitalization of $123.17 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.81 and a beta of 0.87. The firm has a 50-day moving average price of $223.81 and a 200 day moving average price of $244.40. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.
Lowe’s Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe’s Companies’s payout ratio is currently 40.57%.
Insider Buying and Selling
In related news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the sale, the executive vice president owned 20,220 shares in the company, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by insiders.
About Lowe’s Companies
Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.
Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.
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