Lowe's Companies, Inc. $LOW Shares Sold by 1248 Management LLC

Key Points

• 1248 Management LLC reduced its holdings in Lowe's Companies, Inc. by 33.4%, selling 1,375 shares and leaving them with a total of 2,747 shares valued at approximately $641,000.
• CEO Marvin R. Ellison sold 40,000 shares for about $10.56 million, which represents a 13.84% decrease in his ownership position.
• Lowe's Companies reported an earnings per share (EPS) of $4.33 for the quarter, exceeding estimates, while also announcing a dividend of $0.012 per share, yielding 0.0%.

1248 Management LLC cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 33.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,747 shares of the home improvement retailer's stock after selling 1,375 shares during the period. 1248 Management LLC's holdings in Lowe's Companies were worth $641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. One Wealth Capital Management LLC increased its stake in shares of Lowe's Companies by 11.2% during the first quarter. One Wealth Capital Management LLC now owns 1,531 shares of the home improvement retailer's stock worth $357,000 after buying an additional 154 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in shares of Lowe's Companies during the first quarter worth approximately $4,122,000. Quarry LP purchased a new stake in shares of Lowe's Companies during the first quarter worth approximately $633,000. Saudi Central Bank purchased a new stake in shares of Lowe's Companies during the first quarter worth approximately $52,000. Finally, Vista Cima Wealth Management LLC purchased a new stake in shares of Lowe's Companies during the first quarter worth approximately $44,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LOW shares. Sanford C. Bernstein upped their target price on shares of Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Royal Bank Of Canada increased their price target on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Citigroup dropped 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 research note on Thursday, July 31st. Finally, DA Davidson increased their price target on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned 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 $284.13.

Lowe's Companies Stock Up 2.1%

NYSE:LOW traded up $5.43 during midday trading on Friday, reaching $270.00. The stock had a trading volume of 4,488,160 shares, compared to its average volume of 2,710,490. The firm has a fifty day simple moving average of $237.93 and a two-hundred day simple moving average of $230.72. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock has a market cap of $151.42 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.41 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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 posted $4.10 EPS. Lowe's Companies's quarterly 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, sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Cuts Dividend

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

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

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.