Butensky & Cohen Financial Security Inc. Boosts Stake in Lowe's Companies, Inc. $LOW

Key Points

• Butensky & Cohen Financial Security Inc. increased its stake in Lowe's Companies, acquiring 952 shares and raising their holdings to 21,112 shares, valued at approximately $4.68 million.
• Analysts have given Lowe's Companies an average rating of "Moderate Buy" with a consensus target price of $285.08, reflecting increasing confidence in the stock.
• Lowe's recently reported Q2 earnings of $4.33 per share, surpassing expectations, although the company disclosed a slight revenue miss compared to analyst forecasts.

Butensky & Cohen Financial Security Inc. boosted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,112 shares of the home improvement retailer's stock after acquiring an additional 952 shares during the quarter. Butensky & Cohen Financial Security Inc.'s holdings in Lowe's Companies were worth $4,684,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Lowe's Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after buying an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of 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 valued at $266,000 after purchasing an additional 259 shares in the last quarter. State of Wyoming raised its position in shares of Lowe's Companies by 677.1% in the 4th quarter. State of Wyoming now owns 1,088 shares of the home improvement retailer's stock valued at $269,000 after purchasing an additional 948 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of Lowe's Companies by 24.7% in the 4th quarter. Two Sigma Advisers LP now owns 42,900 shares of the home improvement retailer's stock valued at $10,588,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in Lowe's Companies during the 4th quarter worth $8,408,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on LOW. Piper Sandler upped their target price on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Wolfe Research assumed coverage on Lowe's Companies in a research report on Wednesday. They issued an "outperform" rating on the stock. Citigroup cut their price target on 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. JPMorgan Chase & Co. increased their price target on Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, Robert W. Baird raised their price target on shares of Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $285.08.

Insider Transactions at Lowe's Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares of the company's stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares of the company's stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last 90 days. 0.27% of the stock is owned by company insiders.

Lowe's Companies Stock Down 0.7%

LOW traded down $1.89 during mid-day trading on Friday, reaching $265.68. 4,079,028 shares of the company traded hands, compared to its average volume of 2,516,509. The stock has a market capitalization of $149.00 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.45 and a beta of 0.87. The company's fifty day moving average price is $247.63 and its 200-day moving average price is $232.50. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

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, beating analysts' consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share 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 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's payout ratio is 39.44%.

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.