Avanza Fonder AB Sells 1,352 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Avanza Fonder AB reduced its holdings in Lowe's Companies by 2.5%, selling 1,352 shares during the second quarter, and currently owns 52,661 shares valued at approximately $11.68 million.
• The company reported earnings per share (EPS) of $4.33 for the last quarter, exceeding analysts' estimates of $4.24, while revenue was slightly below expectations at $23.96 billion.
• Lowe's has set an FY 2025 EPS guidance of $12.200-$12.450 and recently declared a quarterly dividend of $0.012 per share, signifying a low yield of 0.0%.

Avanza Fonder AB lowered its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,661 shares of the home improvement retailer's stock after selling 1,352 shares during the quarter. Avanza Fonder AB's holdings in Lowe's Companies were worth $11,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LOW. Nuveen LLC acquired a new position in shares of Lowe's Companies during the first quarter valued at approximately $681,215,000. Pacer Advisors Inc. grew its position in Lowe's Companies by 2,984.6% in the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock worth $475,339,000 after buying an additional 1,971,996 shares during the last quarter. GAMMA Investing LLC boosted its stake in Lowe's Companies by 26,796.0% in the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock worth $386,540,000 after purchasing an additional 1,651,170 shares during the period. Assenagon Asset Management S.A. boosted its stake in Lowe's Companies by 1,048.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock worth $172,527,000 after purchasing an additional 675,318 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Lowe's Companies in the 4th quarter worth approximately $159,029,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company's stock.

Lowe's Companies Trading Down 0.7%

LOW traded down $1.89 during trading on Friday, hitting $265.68. The stock had a trading volume of 4,079,028 shares, compared to its average volume of 2,516,509. The firm has a market cap of $149.00 billion, a PE ratio of 21.83, a P/E/G ratio of 2.45 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 has a 50 day simple moving average of $247.63 and a 200-day simple moving average of $232.50.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion for 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 business's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $0.012 dividend. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is 39.44%.

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. Truist Financial lifted their target price on shares of Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Sanford C. Bernstein lifted their target price on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Guggenheim reissued a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research note on Thursday, August 21st. Mizuho lifted their target price on shares of Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company lifted their target price on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Seventeen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $285.08.

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.