CHICAGO TRUST Co NA Sells 1,410 Shares of Lowe's Companies, Inc. $LOW

Key Points

• CHICAGO TRUST Co NA reduced its stake in Lowe's Companies, Inc. by 40.2%, selling 1,410 shares, and held a total of 2,101 shares worth approximately $466,000 at the end of the reporting period.
• In its latest earnings report, Lowe's Companies surpassed expectations with an EPS of $4.33, beating the estimate of $4.24 and generating revenues of $23.96 billion, which was slightly below analyst expectations.
• Analysts have raised price targets for Lowe's, with firms like JPMorgan and KeyCorp setting targets between $283.00 and $300.00, indicating a consensus price target of $284.00 for the stock.

CHICAGO TRUST Co NA cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 40.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,101 shares of the home improvement retailer's stock after selling 1,410 shares during the period. CHICAGO TRUST Co NA's holdings in Lowe's Companies were worth $466,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wood Tarver Financial Group LLC purchased a new stake in shares of Lowe's Companies in the 4th quarter valued at $25,000. Fairway Wealth LLC bought a new stake in shares of Lowe's Companies in the 1st quarter worth $32,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe's Companies in the first quarter worth $36,000. IFS Advisors LLC raised its stake in shares of Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after buying an additional 60 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in Lowe's Companies during the first quarter valued at $38,000. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Stock Performance

Shares of LOW opened at $259.62 on Wednesday. The company has a market capitalization of $145.60 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.41 and a beta of 0.87. The business's 50-day moving average is $249.29 and its two-hundred day moving average is $232.81. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating 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 company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the business earned $4.10 earnings per share. The firm'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. Analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. KeyCorp raised their price target on shares of Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Wells Fargo & Company boosted their price objective on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Barclays set a $267.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. Finally, Piper Sandler increased their price objective on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Fifteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $284.00.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 of the company's stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders 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 currently owned by insiders.

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.

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