D.A. Davidson & CO. Has $58.54 Million Stake in Lowe's Companies, Inc. $LOW

Key Points

• D.A. Davidson & CO. increased its stake in Lowe's Companies by 87.4%, holding 263,832 shares valued at approximately $58.54 million as of their recent SEC filing.
• Insider trading was reported, with two executives selling substantial shares; EVP Joseph Mcfarland sold 43,810 shares valued at approximately $11.94 million.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Lowe's, with price targets ranging from $245.00 to $300.00.

D.A. Davidson & CO. boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 87.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,832 shares of the home improvement retailer's stock after buying an additional 123,043 shares during the period. D.A. Davidson & CO.'s holdings in Lowe's Companies were worth $58,537,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LOW. Fairway Wealth LLC acquired a new stake in Lowe's Companies in the 1st quarter worth $32,000. Olistico Wealth LLC acquired a new position in shares of Lowe's Companies during the second quarter valued at about $33,000. TruNorth Capital Management LLC bought a new stake in shares of Lowe's Companies in the first quarter valued at about $38,000. JNBA Financial Advisors grew its position in Lowe's Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after buying an additional 100 shares in the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in Lowe's Companies during the first quarter worth about $44,000. 74.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, 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 completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LOW. Wells Fargo & Company upped their price target on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price 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. DA Davidson raised their target price on Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Evercore ISI lowered their price target on shares of Lowe's Companies from $250.00 to $245.00 and set an "in-line" rating on the stock in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada raised their price objective on shares of Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a report on Thursday, August 21st. Sixteen research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.91.

Lowe's Companies Stock Performance

LOW opened at $245.42 on Wednesday. The firm has a market cap of $137.64 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 2.24 and a beta of 0.88. The firm's 50-day simple moving average is $255.27 and its 200-day simple moving average is $234.99. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64.

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 analysts' consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $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 anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe's Companies's dividend 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.

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