Brandon Sink Sells 8,192 Shares of Lowe's Companies (NYSE:LOW) Stock

Key Points

• Brandon Sink, EVP of Lowe's Companies, sold 8,192 shares of the company's stock for a total of $2,200,207.36, resulting in a 27.49% decrease in his ownership.
• Lowe's reported an EPS of $4.33 for the most recent quarter, slightly exceeding analyst estimates of $4.24, while also projecting FY 2025 guidance of 12.200-12.450 EPS.
• The company announced a quarterly dividend of $0.012 per share, reflecting an annual yield of 0.0%, with the ex-dividend date set for October 22nd.

Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) EVP Brandon Sink sold 8,192 shares of Lowe's Companies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lowe's Companies Stock Performance

Shares of LOW stock traded up $2.98 during trading hours on Monday, reaching $272.95. The company had a trading volume of 4,464,677 shares, compared to its average volume of 2,721,041. The business has a fifty day moving average price of $238.85 and a 200-day moving average price of $230.63. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The firm has a market cap of $153.08 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 8.20% and a negative return on equity of 52.02%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's payout ratio is 39.44%.

Analyst Ratings Changes

Several analysts recently issued reports on LOW shares. Stifel Nicolaus boosted their target price on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research report on Monday, August 18th. Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research report on Thursday, August 21st. Robert W. Baird lifted their price target on shares of Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Citigroup lowered their price target on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Finally, Sanford C. Bernstein lifted their price target on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $284.13.

Institutional Investors Weigh In On Lowe's Companies

A number of hedge funds have recently bought and sold shares of LOW. Norges Bank purchased a new stake in Lowe's Companies during the second quarter valued at $1,773,624,000. Nuveen LLC purchased a new stake in Lowe's Companies during the first quarter valued at $681,215,000. Pacer Advisors Inc. raised its stake in Lowe's Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock valued at $475,339,000 after purchasing an additional 1,971,996 shares in the last quarter. GAMMA Investing LLC raised its stake in Lowe's Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock valued at $386,540,000 after purchasing an additional 1,651,170 shares in the last quarter. Finally, Tableaux LLC purchased a new stake in Lowe's Companies during the second quarter valued at $282,884,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Company 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.

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