1,000 Shares in Lowe's Companies, Inc. $LOW Purchased by DRW Securities LLC

Key Points

• DRW Securities LLC has made a new investment of $233,000 in Lowe's Companies, purchasing 1,000 shares during the first quarter.
• Lowe's Companies recently declared a quarterly dividend of $0.012 per share, reflecting a 0.0% yield for shareholders.
• Analysts have set new price targets for Lowe's, with most giving it a strong outlook, including a boost from Robert W. Baird to $295.00 and KeyCorp to $300.00.

DRW Securities LLC acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,000 shares of the home improvement retailer's stock, valued at approximately $233,000.

A number of other institutional investors have also modified their holdings of LOW. Nuveen LLC bought a new stake in Lowe's Companies in the first quarter valued at about $681,215,000. Pacer Advisors Inc. grew its position in shares of Lowe's Companies by 2,984.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock worth $475,339,000 after acquiring an additional 1,971,996 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Lowe's Companies by 26,796.0% in the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock valued at $386,540,000 after acquiring an additional 1,651,170 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Lowe's Companies by 1,048.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock valued at $172,527,000 after acquiring an additional 675,318 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Lowe's Companies during the fourth quarter worth $159,029,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares of the company's stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LOW. Wells Fargo & Company boosted their target price on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Sanford C. Bernstein boosted their price objective on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Citigroup dropped their price objective on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Piper Sandler increased their price target on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $284.13.

Lowe's Companies Trading Up 2.1%

NYSE:LOW traded up $5.43 during midday trading on Friday, hitting $270.00. 4,488,216 shares of the stock were exchanged, compared to its average volume of 2,710,722. The company has a market capitalization of $151.42 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.41 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 business has a 50-day moving average price of $237.93 and a two-hundred day moving average price of $230.72.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company's revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders 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 dividend yield of 0.0%. Lowe's Companies's dividend payout ratio is presently 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.