Arvest Investments Inc. Has $1.24 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• Arvest Investments Inc. has reduced its holdings in Lowe's Companies, Inc. by 40.2%, holding a total of 5,593 shares valued at approximately $1.24 million as of the latest SEC filing.
• Insider selling activity showed significant transactions, with two executive vice presidents selling a combined total of over 9,121 shares recently, reflecting a decrease in their ownership positions.
• Equities research analysts have set varied price targets for Lowe's stock, with a consensus rating of "Moderate Buy" and an average price target of approximately $284.13.

Arvest Investments Inc. reduced its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 40.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,593 shares of the home improvement retailer's stock after selling 3,761 shares during the period. Arvest Investments Inc.'s holdings in Lowe's Companies were worth $1,241,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LOW. Wood Tarver Financial Group LLC acquired a new position in Lowe's Companies in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in Lowe's Companies in the first quarter valued at approximately $32,000. Orion Capital Management LLC acquired a new position in Lowe's Companies in the fourth quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Lowe's Companies in the first quarter valued at approximately $36,000. Finally, IFS Advisors LLC lifted its holdings in Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 60 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares of the company's stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein increased their target price on shares of Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Citigroup cut their target price on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Guggenheim reiterated a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. Robert W. Baird increased their target price on shares of Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, Mizuho increased their target price on shares of Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Sixteen equities 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $284.13.

Lowe's Companies Stock Down 0.2%

Shares of NYSE:LOW opened at $271.89 on Friday. The firm has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The company's fifty day simple moving average is $243.26 and its 200 day simple moving average is $231.73.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its 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. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is 39.44%.

About Lowe's Companies

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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