Douglas Lane & Associates LLC Sells 18,665 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Douglas Lane & Associates LLC reduced its holdings in Lowe's by 7.3%, holding 238,317 shares valued at approximately $52.9 million.
• Key analysts have raised their price targets for Lowe's, with UBS Group increasing its target to $325, and a consensus target price of $284.13 among 16 analysts.
• Lowe's reported $4.33 EPS in its latest quarterly earnings, surpassing estimates, and has set FY 2025 guidance at 12.200-12.450 EPS.

Douglas Lane & Associates LLC trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,317 shares of the home improvement retailer's stock after selling 18,665 shares during the quarter. Douglas Lane & Associates LLC's holdings in Lowe's Companies were worth $52,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC purchased a new position in shares of Lowe's Companies during the 4th quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Lowe's Companies in the first quarter valued at approximately $32,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies in the fourth quarter valued at $36,000. Inlight Wealth Management LLC purchased a new position in Lowe's Companies during the first quarter worth about $36,000. Finally, IFS Advisors LLC grew 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 valued at $37,000 after buying an additional 60 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Price Performance

Shares of NYSE LOW traded down $1.41 during midday trading on Friday, hitting $266.17. The company's stock had a trading volume of 769,670 shares, compared to its average volume of 2,699,039. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The business's fifty day simple moving average is $246.80 and its two-hundred day simple moving average is $232.46. The firm has a market capitalization of $149.27 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.48 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the firm posted $4.10 EPS. Lowe's Companies's quarterly 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 anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe's Companies's dividend payout ratio is currently 39.44%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LOW shares. Stifel Nicolaus lifted 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, August 18th. JPMorgan Chase & Co. boosted their price target on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Guggenheim restated a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. Truist Financial increased their price target on Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, KeyCorp increased their price target on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research note 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 issued a Sell rating to the company. According to MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $285.08.

Insider Activity at Lowe's Companies

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares of the company's stock, 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. In the last quarter, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by insiders.

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.