AG2R LA Mondiale Gestion D Actifs Acquires New Holdings in Lowe's Companies, Inc. $LOW

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new position in Lowe's, purchasing 21,066 shares valued at approximately $4.75 million during the first quarter.
• Lowe's reported an earnings per share of $4.33, surpassing analyst estimates, and generated revenues of $23.96 billion for the last quarter.
• The company recently declared a quarterly dividend of $0.012 per share, which reflects a 0.0% dividend yield and has a payout ratio of 39.44%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,066 shares of the home improvement retailer's stock, valued at approximately $4,755,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. eCIO Inc. purchased a new position in Lowe's Companies during the 1st quarter valued at about $315,000. CBIZ Investment Advisory Services LLC boosted its position in Lowe's Companies by 41.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 224 shares of the home improvement retailer's stock worth $52,000 after purchasing an additional 66 shares during the period. Invst LLC boosted its position in Lowe's Companies by 186.4% during the first quarter. Invst LLC now owns 2,672 shares of the home improvement retailer's stock worth $623,000 after purchasing an additional 1,739 shares during the period. Modern Wealth Management LLC boosted its position in Lowe's Companies by 13.2% during the first quarter. Modern Wealth Management LLC now owns 3,047 shares of the home improvement retailer's stock worth $711,000 after purchasing an additional 355 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Lowe's Companies by 25.0% during the first quarter. Jones Financial Companies Lllp now owns 394,008 shares of the home improvement retailer's stock worth $90,450,000 after purchasing an additional 78,695 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Up 2.3%

Shares of LOW opened at $272.56 on Friday. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The stock has a market cap of $152.86 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 2.47 and a beta of 0.87. The stock's 50-day moving average price is $242.38 and its two-hundred day moving average price is $231.63.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $23.99 billion. During the same quarter last year, the business earned $4.10 earnings per share. The company's revenue was up 1.6% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays set a $267.00 price target on Lowe's Companies in a report on Thursday, August 21st. KeyCorp upped their target price on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Citigroup dropped their price objective on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company increased their target price on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus increased their target price on Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 18th. Sixteen research 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. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $284.13.

Insider Transactions 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 that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares of the company's stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,121 shares of company stock valued at $13,003,146 over the last 90 days. 0.27% of the stock is owned by company 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.

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