Lowe's Companies, Inc. $LOW Shares Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC reduced its stake in Lowe's Companies, Inc. by 13.5%, owning 8,143 shares valued at approximately $1.9 million after selling 1,275 shares during the first quarter.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have increased their positions in Lowe's, with Vanguard owning over 54.6 million shares valued at approximately $12.7 billion.
• Lowe's reported an EPS of $4.33, exceeding analysts' estimates, and has set FY 2025 guidance at 12.200-12.450 EPS, amid a dividend payout ratio of 39.44%.

Ashton Thomas Private Wealth LLC cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,143 shares of the home improvement retailer's stock after selling 1,275 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Lowe's Companies were worth $1,899,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LOW. Brighton Jones LLC lifted its stake in Lowe's Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Lowe's Companies by 0.4% in the 4th quarter. Janus Henderson Group PLC now owns 82,024 shares of the home improvement retailer's stock worth $20,261,000 after purchasing an additional 300 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Lowe's Companies by 23.5% in the fourth quarter. Lazard Asset Management LLC now owns 176,620 shares of the home improvement retailer's stock valued at $43,588,000 after acquiring an additional 33,627 shares during the last quarter. Finally, MJP Associates Inc. ADV lifted its holdings in Lowe's Companies by 9.8% in the fourth quarter. MJP Associates Inc. ADV now owns 1,073 shares of the home improvement retailer's stock valued at $265,000 after acquiring an additional 96 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lowe's Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 in the last three months. 0.27% of the stock is currently owned by insiders.

Lowe's Companies Price Performance

Shares of NYSE LOW traded down $0.51 during mid-day trading on Friday, hitting $271.89. The company had a trading volume of 2,896,462 shares, compared to its average volume of 2,801,290. The company has a market capitalization of $152.48 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The business's 50-day simple moving average is $243.26 and its 200 day simple moving average is $231.83.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period 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. On average, analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on LOW. DA Davidson upped their price objective on Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Citigroup decreased their price objective on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Sanford C. Bernstein boosted their target price on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. 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 note on Thursday, August 21st. Finally, KeyCorp upped their price target on Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" 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 assigned a Sell rating to the company. According to data from MarketBeat, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $284.13.

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.