Apollon Wealth Management LLC Sells 1,526 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Apollon Wealth Management LLC reduced its stake in Lowe's Companies by 1,526 shares, bringing its total holdings to 32,519 shares valued at $7.2 million.
• Research analysts have varied target price adjustments for Lowe's stock, with KeyCorp raising its target from $266 to $300 while Evercore ISI lowered it from $275 to $250, indicating mixed outlooks.
• Lowe's Companies announced a quarterly dividend of $1.20 per share, set to be paid on November 5th, with an annualized yield of 2.1% based on the current share price.

Apollon Wealth Management LLC trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,519 shares of the home improvement retailer's stock after selling 1,526 shares during the period. Apollon Wealth Management LLC's holdings in Lowe's Companies were worth $7,215,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. KeyCorp lifted their target price on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Evercore ISI reduced their target price on Lowe's Companies from $275.00 to $250.00 and set an "in-line" rating for the company in a report on Tuesday. Guggenheim reaffirmed a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. Robert W. Baird lifted their target price on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Citigroup reduced their target price on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $283.13.

Insider Transactions at Lowe's Companies

In related 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 value of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the sale, the executive vice president owned 30,099 shares of the company's stock, 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. Over the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by corporate insiders.

Lowe's Companies Stock Down 1.0%

NYSE LOW opened at $232.28 on Friday. The stock's 50-day simple moving average is $254.92 and its two-hundred day simple moving average is $234.38. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The company has a market capitalization of $130.27 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.17 and a beta of 0.88.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results 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 negative return on equity of 52.02% and a net margin of 8.20%.The business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter last year, the business posted $4.10 earnings per share. The company's revenue for the quarter 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, equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe's Companies's payout ratio is presently 39.44%.

Lowe's Companies Company 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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