Persium Advisors LLC Invests $528,000 in Lowe's Companies, Inc. $LOW

Key Points

• Persium Advisors LLC purchased 2,380 shares of Lowe's Companies, Inc., valued at approximately $528,000, during the second quarter.
• Recent analysis shows a price target for Lowe's Companies with Barclays at $267.00 and Guggenheim at $300.00, while 16 analysts have rated the stock as a Buy.
• Lowe's announced a quarterly dividend of $0.012 per share, with an upcoming ex-dividend date of October 22nd.

Persium Advisors LLC bought a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,380 shares of the home improvement retailer's stock, valued at approximately $528,000.

Several other institutional investors have also recently made changes to their positions in LOW. Wood Tarver Financial Group LLC bought a new position in Lowe's Companies in the 4th quarter worth about $25,000. Fairway Wealth LLC bought a new position in shares of Lowe's Companies in the first quarter valued at approximately $32,000. Orion Capital Management LLC bought a new position in shares of Lowe's Companies in the fourth quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in Lowe's Companies during the first quarter valued at approximately $36,000. Finally, IFS Advisors LLC increased its holdings in Lowe's Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

LOW has been the subject of several analyst reports. Barclays set a $267.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. Mizuho boosted their target price on Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Wells Fargo & Company upped their target price on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, KeyCorp raised their price target on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $284.13.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies 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 completion of the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 over the last 90 days. Company insiders own 0.27% of the company's stock.

Lowe's Companies Trading Down 0.4%

Shares of LOW traded down $1.17 during midday trading on Tuesday, reaching $270.92. The stock had a trading volume of 1,940,679 shares, compared to its average volume of 2,778,825. The company has a market capitalization of $151.94 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. The company's 50-day moving average is $245.15 and its 200 day moving average is $232.06. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced 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. The company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe's Companies's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

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