Armistice Capital LLC Sells 33,010 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Armistice Capital LLC significantly reduced its stake in Lowe's Companies by 59.8%, selling 33,010 shares and now owning 22,147 shares valued at approximately $5.165 million.
• Analysts have shown optimism for Lowe's Companies, with recent upgrades leading to a consensus price target of $284.13 and a prevailing rating of "Moderate Buy".
• Lowe's reported a quarterly earnings increase to $4.33 per share, exceeding analysts' expectations, even as it announced a minor quarterly dividend rollback.

Armistice Capital LLC decreased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 59.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,147 shares of the home improvement retailer's stock after selling 33,010 shares during the quarter. Armistice Capital LLC's holdings in Lowe's Companies were worth $5,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new stake in Lowe's Companies during the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Lowe's Companies during the 1st quarter worth about $32,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies during the 4th quarter worth about $36,000. Inlight Wealth Management LLC acquired a new stake in Lowe's Companies during the 1st quarter worth about $36,000. Finally, IFS Advisors LLC boosted its position 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. Institutional investors and hedge funds own 74.06% of the company's stock.

Insiders Place Their Bets

In other Lowe's Companies news, 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 completion of the sale, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction 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 sale, the chief executive officer directly owned 249,043 shares of the company's stock, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Lowe's Companies Price Performance

LOW stock traded up $3.85 on Thursday, reaching $264.53. 2,196,115 shares of the company were exchanged, compared to its average volume of 2,695,152. The firm has a market capitalization of $148.35 billion, a PE ratio of 21.74, a PEG ratio of 2.39 and a beta of 0.87. The stock's fifty day moving average price is $237.06 and its 200 day moving average price is $230.63. 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 posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $0.012 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is presently 39.44%.

Analyst Ratings Changes

A number of equities research analysts have commented on LOW shares. JPMorgan Chase & Co. raised their price objective on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Gordon Haskett raised Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Mizuho raised their price target 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. Royal Bank Of Canada raised their price target on Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 21st. Finally, Sanford C. Bernstein raised their price target on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus target price of $284.13.

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.