Groupama Asset Managment Has $983,000 Position in Lowe's Companies, Inc. $LOW

Key Points

• Groupama Asset Management reduced its stake in Lowe's Companies, Inc. by 19.9% in the first quarter, bringing its holdings to 4,303 shares valued at approximately $983,000.
• Lowe's reported an earnings per share (EPS) of $4.33 for the most recent quarter, exceeding the consensus estimate of $4.24, while also revealing a revenue of $23.96 billion.
• The company has increased its quarterly dividend to $1.20 per share from $1.15, resulting in an annualized dividend yield of 1.9%.

Groupama Asset Managment trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 19.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,303 shares of the home improvement retailer's stock after selling 1,067 shares during the period. Groupama Asset Managment's holdings in Lowe's Companies were worth $983,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Wood Tarver Financial Group LLC acquired a new position in Lowe's Companies during the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Lowe's Companies during the first quarter worth about $32,000. Orion Capital Management LLC purchased a new position in Lowe's Companies in the 4th quarter worth about $36,000. Inlight Wealth Management LLC acquired a new stake in Lowe's Companies during the 1st quarter worth about $36,000. Finally, IFS Advisors LLC raised its holdings in Lowe's Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after buying an additional 60 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Price Performance

LOW traded up $7.9280 on Friday, hitting $263.5780. The company had a trading volume of 3,795,959 shares, compared to its average volume of 3,175,845. The company's fifty day moving average price is $230.09 and its 200 day moving average price is $230.20. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The stock has a market cap of $147.72 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.49 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were given a dividend of $1.20 per share. This is a boost 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 1.8%. The ex-dividend date was Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 39.77%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LOW. Stifel Nicolaus increased their target price on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 18th. Gordon Haskett raised Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada lifted their target price on Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday. Sanford C. Bernstein lifted their target price on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, UBS Group lifted their target price on Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $284.33.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the business's 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 owned 31,898 shares of the company's stock, valued at $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Lowe's Companies 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.