Arista Wealth Management LLC Takes Position in Lowe's Companies, Inc. $LOW

Key Points

• Arista Wealth Management LLC acquired 1,500 shares of Lowe's Companies, valued at approximately $333,000, marking a new position in the home improvement retailer.
• Lowe's reported $4.33 earnings per share (EPS) for the last quarter, surpassing analysts' expectations and setting FY 2025 guidance between 12.200-12.450 EPS.
• The company has declared a quarterly dividend of $1.20, with an annualized yield of 2.0%, to be paid on November 5th to shareholders on record by October 22nd.

Arista Wealth Management LLC acquired a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,500 shares of the home improvement retailer's stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. Fairway Wealth LLC bought a new position in shares of Lowe's Companies during the first quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in shares of Lowe's Companies during the second quarter valued at approximately $33,000. Inlight Wealth Management LLC bought a new position in shares of Lowe's Companies during the first quarter valued at approximately $36,000. TruNorth Capital Management LLC bought a new position in shares of Lowe's Companies during the first quarter valued at approximately $38,000. Finally, JNBA Financial Advisors boosted its stake in Lowe's Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Trading Up 0.7%

NYSE LOW opened at $244.81 on Friday. The company has a fifty day simple moving average of $255.21 and a two-hundred day simple moving average of $234.69. The stock has a market cap of $137.30 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.25 and a beta of 0.88. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $282.70.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during 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 quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Insider Buying and Selling at Lowe's Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the firm'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 completion of the transaction, the chief executive officer owned 249,043 shares of the company's stock, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the firm'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 transaction, the executive vice president directly owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LOW shares. UBS Group upped their price target on Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Piper Sandler upped their price target on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Wall Street Zen raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Royal Bank Of Canada upped their price target on Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 21st. Finally, Wolfe Research began coverage on Lowe's Companies in a research report on Wednesday, September 17th. They set an "outperform" rating on the stock. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $282.91.

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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