Ameritas Advisory Services LLC Sells 1,871 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Ameritas Advisory Services LLC has reduced its holdings in Lowe's by 22.2%, selling 1,871 shares, and now owns 6,574 shares worth approximately $1.46 million.
• Lowe's reported second-quarter earnings of $4.33 per share, surpassing analyst estimates, with quarterly revenue of $23.96 billion, up 1.6% year-over-year.
• The company announced a quarterly dividend of $1.20 per share, with a yield of 1.9%, set to be paid on November 5th to investors of record.

Ameritas Advisory Services LLC lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,574 shares of the home improvement retailer's stock after selling 1,871 shares during the quarter. Ameritas Advisory Services LLC's holdings in Lowe's Companies were worth $1,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Lowe's Companies in the first quarter worth about $32,000. Inlight Wealth Management LLC bought a new stake in Lowe's Companies in the 1st quarter worth approximately $36,000. TruNorth Capital Management LLC bought a new stake in Lowe's Companies in the 1st quarter worth approximately $38,000. JNBA Financial Advisors increased its stake in Lowe's Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after acquiring an additional 100 shares during the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in Lowe's Companies in the 1st quarter worth approximately $44,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.4%

Shares of Lowe's Companies stock opened at $246.24 on Friday. The stock's fifty day moving average is $253.95 and its two-hundred day moving average is $234.14. The company has a market capitalization of $138.10 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.28 and a beta of 0.88. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations 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 prior year, the business posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces 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 paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe's Companies's dividend payout ratio is 39.44%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research reports. Truist Financial boosted their price target on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Mizuho boosted their price objective 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 investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $285.50.

Insider Transactions at Lowe's Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction on Thursday, September 11th. The stock was 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 represents a 39.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction 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. 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 quarter. 0.27% of the stock is owned by corporate 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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