BI Asset Management Fondsmaeglerselskab A S Purchases 19,323 Shares of Lowe's Companies, Inc. $LOW

Key Points

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BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,007 shares of the home improvement retailer's stock after purchasing an additional 19,323 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Lowe's Companies were worth $37,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC bought a new position in Lowe's Companies in the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new position in Lowe's Companies in the first quarter valued at $32,000. Orion Capital Management LLC bought a new position in Lowe's Companies in the fourth quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in Lowe's Companies in the first quarter valued at $36,000. Finally, IFS Advisors LLC grew its position 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 purchasing an additional 60 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Lowe's Companies stock traded up $7.9280 during midday trading on Friday, hitting $263.5780. The company's stock had a trading volume of 3,795,959 shares, compared to its average volume of 3,175,845. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The company has a 50-day moving average price of $230.09 and a two-hundred day moving average price of $230.39. The company has a market cap of $147.72 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.41 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data 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. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. During the same quarter in the previous year, the company earned $4.10 EPS. The business's revenue was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were paid a $1.20 dividend. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 1.8%. Lowe's Companies's dividend payout ratio is presently 39.77%.

Insider Activity

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the transaction, the executive vice president directly owned 31,898 shares in the company, valued at approximately $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on LOW. UBS Group lifted their price objective on shares of Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday. Mizuho restated an "outperform" rating and set a $280.00 target price on shares of Lowe's Companies in a research note on Friday, June 13th. Stifel Nicolaus raised their target price on shares of Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a research note on Monday, August 18th. Gordon Haskett upgraded shares of Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Finally, Citigroup cut their target price on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $284.33.

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.