111 Capital Takes Position in Lowe's Companies, Inc. $LOW

Key Points

• 111 Capital acquired 5,985 shares of Lowe's Companies valued at approximately $1,328,000 during the second quarter, highlighting growing institutional interest in the company.
• Lowe's reported earnings of $4.33 per share for the recent quarter, exceeding analysts' expectations, while revenue grew 1.6% year-over-year to $23.96 billion.
• A quarterly dividend of $1.20 has been declared, payable on November 5th, representing an annual yield of 1.9% and indicating a commitment to returning value to shareholders.

111 Capital acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,985 shares of the home improvement retailer's stock, valued at approximately $1,328,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Lowe's Companies by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock valued at $12,736,545,000 after purchasing an additional 230,359 shares during the last quarter. Invesco Ltd. boosted its position in Lowe's Companies by 10.6% in the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock valued at $1,214,448,000 after buying an additional 501,154 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Lowe's Companies by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer's stock valued at $1,192,213,000 after buying an additional 330,701 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Lowe's Companies by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer's stock valued at $881,406,000 after buying an additional 225,964 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Lowe's Companies by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer's stock valued at $816,711,000 after acquiring an additional 42,676 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 0.4%

LOW stock opened at $246.24 on Friday. The company's 50-day simple moving average is $253.95 and its 200-day simple moving average is $234.08. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The firm has a market cap of $138.10 billion, a P/E ratio of 20.23, a PEG ratio of 2.29 and a beta of 0.88.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $23.99 billion. During the same quarter last year, the firm posted $4.10 EPS. The business's revenue 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, analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Analyst Ratings Changes

Several analysts have recently commented on LOW shares. Stifel Nicolaus upped their price objective on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 18th. JPMorgan Chase & Co. upped their price target on shares of Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Robert W. Baird upped their target price on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Citigroup lowered their target price 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, Mizuho upped their target price on Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Seventeen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $285.50.

Insider Activity at Lowe's Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction 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. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by corporate insiders.

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.

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