Curi RMB Capital LLC Reduces Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Curi RMB Capital LLC reduced its stake in Lowe's Companies by 33.2%, selling 21,208 shares, and now holds 42,582 shares valued at approximately $9.93 million.
• CEO Marvin R. Ellison sold 40,000 shares of Lowe's stock for over $10.5 million, representing a 13.84% decrease in his ownership of the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Lowe's, with target prices ranging from $242 to $300.

Curi RMB Capital LLC lessened its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 33.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,582 shares of the home improvement retailer's stock after selling 21,208 shares during the quarter. Curi RMB Capital LLC's holdings in Lowe's Companies were worth $9,931,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Boothbay Fund Management LLC grew its holdings in Lowe's Companies by 12.8% during the 1st quarter. Boothbay Fund Management LLC now owns 34,240 shares of the home improvement retailer's stock valued at $7,986,000 after buying an additional 3,875 shares in the last quarter. Banque Transatlantique SA purchased a new position in Lowe's Companies during the 1st quarter valued at approximately $65,000. Belmont Capital LLC purchased a new position in Lowe's Companies during the 1st quarter valued at approximately $242,000. Alliancebernstein L.P. grew its holdings in Lowe's Companies by 4.0% during the 1st quarter. Alliancebernstein L.P. now owns 1,183,745 shares of the home improvement retailer's stock valued at $276,085,000 after buying an additional 45,283 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Lowe's Companies by 29.0% during the 1st quarter. AQR Capital Management LLC now owns 139,088 shares of the home improvement retailer's stock valued at $31,943,000 after buying an additional 31,234 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Down 1.3%

Shares of LOW traded down $3.60 during trading hours on Tuesday, hitting $269.42. The company had a trading volume of 3,111,188 shares, compared to its average volume of 2,723,294. The company has a market capitalization of $151.10 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company's fifty day moving average price is $239.88 and its two-hundred day moving average price is $230.87.

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, topping the consensus estimate of $4.24 by $0.09. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same period in the previous year, the company posted $4.10 EPS. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. 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 earnings per share for the current 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%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their price target on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 18th. 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 report on Thursday, July 31st. Sanford C. Bernstein lifted their target price on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Wells Fargo & Company lifted their target price on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Robert W. Baird lifted their target price on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $284.13.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value 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. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,121 shares of company stock worth $13,003,146 in the last ninety days. 0.27% of the stock is owned by insiders.

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.