Dimensional Fund Advisors LP Sells 14,647 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Dimensional Fund Advisors LP reduced its stake in Lowe's Companies by 1.0%, selling 14,647 shares to hold approximately 1,442,077 shares valued at $336.3 million.
• Analysts maintain a generally positive outlook on Lowe's, with a consensus rating of Moderate Buy and an average price target of $270.68.
• Lowe's has recently increased its quarterly dividend from $1.15 to $1.20 per share, representing a yield of 1.9%.

Dimensional Fund Advisors LP lowered its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,442,077 shares of the home improvement retailer's stock after selling 14,647 shares during the quarter. Dimensional Fund Advisors LP owned 0.26% of Lowe's Companies worth $336,300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gen Wealth Partners Inc lifted its position in Lowe's Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock valued at $534,000 after purchasing an additional 40 shares during the last quarter. Second Line Capital LLC lifted its position in Lowe's Companies by 0.9% in the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after purchasing an additional 44 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in Lowe's Companies by 0.8% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after purchasing an additional 47 shares during the last quarter. Fielder Capital Group LLC lifted its position in Lowe's Companies by 5.9% in the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after purchasing an additional 48 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC lifted its position in Lowe's Companies by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock valued at $1,066,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LOW. Stifel Nicolaus boosted their target price on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research note on Monday. Sanford C. Bernstein set a $266.00 target price on Lowe's Companies and gave the company an "outperform" rating in a report on Thursday, May 22nd. Wells Fargo & Company decreased their target price on Lowe's Companies from $285.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a report on Tuesday, July 22nd. Finally, Mizuho restated an "outperform" rating and set a $280.00 target price on shares of Lowe's Companies in a report on Friday, June 13th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $271.68.

Lowe's Companies Price Performance

LOW stock traded up $5.3180 during midday trading on Tuesday, hitting $256.2080. The stock had a trading volume of 4,697,399 shares, compared to its average volume of 2,909,601. The firm has a market cap of $143.59 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.37 and a beta of 0.89. The business has a 50-day moving average of $227.78 and a two-hundred day moving average of $230.16. 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 results on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%.The company had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. During the same period in the prior year, the firm earned $3.06 earnings per share. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.150-12.400 EPS. Research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were paid a $1.20 dividend. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, July 23rd. Lowe's Companies's payout ratio is currently 39.77%.

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.