eCIO Inc. Acquires New Holdings in Lowe's Companies, Inc. $LOW

Key Points

• eCIO Inc. has acquired a new stake in Lowe's Companies, Inc. valued at approximately $315,000, consisting of 1,352 shares during the first quarter.
• Multiple analysts have recently raised their target prices for Lowe's stock, with Wells Fargo increasing its target from $260.00 to $300.00, reflecting a positive outlook for the company.
• Lowe's reported $4.33 earnings per share (EPS) for the recent quarter, surpassing analysts' expectations, while also indicating growth in revenue compared to the same quarter last year.

eCIO Inc. purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,352 shares of the home improvement retailer's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CBIZ Investment Advisory Services LLC grew its holdings in Lowe's Companies by 41.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 224 shares of the home improvement retailer's stock worth $52,000 after purchasing an additional 66 shares during the period. Invst LLC grew its holdings in Lowe's Companies by 186.4% during the first quarter. Invst LLC now owns 2,672 shares of the home improvement retailer's stock worth $623,000 after purchasing an additional 1,739 shares during the period. Modern Wealth Management LLC grew its holdings in Lowe's Companies by 13.2% during the first quarter. Modern Wealth Management LLC now owns 3,047 shares of the home improvement retailer's stock worth $711,000 after purchasing an additional 355 shares during the period. Jones Financial Companies Lllp grew its holdings in Lowe's Companies by 25.0% during the first quarter. Jones Financial Companies Lllp now owns 394,008 shares of the home improvement retailer's stock worth $90,450,000 after purchasing an additional 78,695 shares during the period. Finally, Vista Cima Wealth Management LLC bought a new position in Lowe's Companies during the first quarter worth about $44,000. Institutional investors own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

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 transaction, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company's stock.

Lowe's Companies Price Performance

LOW traded down $0.51 during trading on Friday, hitting $271.89. 2,896,462 shares of the stock traded hands, compared to its average volume of 2,795,264. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The company has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87. The business has a 50 day moving average price of $243.26 and a 200 day moving average price of $231.63.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same quarter in the previous year, the firm posted $4.10 earnings per share. Lowe's Companies's revenue for the quarter 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. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current 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 given a dividend of $0.012 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe's Companies's dividend payout ratio (DPR) is 39.44%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LOW shares. Robert W. Baird boosted their price objective on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. KeyCorp boosted their price objective on Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. DA Davidson boosted their price objective on Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Sanford C. Bernstein boosted their price objective on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. 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. According to data from MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and an average price target of $284.13.

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.