Invst LLC Purchases 1,739 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Invst LLC increased its stake in Lowe's Companies, Inc. by 186.4%, acquiring an additional 1,739 shares, bringing its total holdings to 2,672 shares valued at approximately $623,000.
• Lowe's reported a Q2 earnings per share (EPS) of $4.33, surpassing estimates and showing a 1.6% increase in revenue year-over-year; however, the company also disclosed a dividend cut.
• Analysts maintain a mixed outlook on Lowe's, with an average target price of $284.13 and 16 analysts rating it as a Buy.

Invst LLC lifted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 186.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,672 shares of the home improvement retailer's stock after acquiring an additional 1,739 shares during the quarter. Invst LLC's holdings in Lowe's Companies were worth $623,000 as of its most recent SEC filing.

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

Lowe's Companies Stock Down 0.2%

LOW opened at $271.89 on Friday. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a market cap of $152.48 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. The firm's 50-day moving average price is $243.26 and its 200-day moving average price is $231.83.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for 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%.Lowe's Companies's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research 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. Shareholders of record on Wednesday, October 22nd will be given a $0.012 dividend. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is currently 39.44%.

Insider Buying and Selling

In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. DA Davidson lifted their target price on Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Barclays set a $267.00 target price on Lowe's Companies in a research note on Thursday, August 21st. Gordon Haskett upgraded Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Guggenheim reiterated a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a research note on Thursday, August 21st. Finally, 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, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $284.13.

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.

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