Jones Financial Companies Lllp Raises Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Jones Financial Companies Lllp has increased its holdings in Lowe's Companies, Inc. by 25.0%, owning 394,008 shares valued at approximately $90.45 million as of the end of the first quarter.
• Several analysts have raised their price targets for Lowe's stock, with Wells Fargo & Company and KeyCorp setting new objectives of $300.00, affirming an "overweight" rating on the stock.
• Insider transactions revealed that both the CEO and an EVP sold significant shares recently, indicating a decrease in their respective holdings by 13.84% and 2.99%.

Jones Financial Companies Lllp increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 25.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 394,008 shares of the home improvement retailer's stock after acquiring an additional 78,695 shares during the period. Jones Financial Companies Lllp owned approximately 0.07% of Lowe's Companies worth $90,450,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LOW. Second Line Capital LLC boosted its position in shares of Lowe's Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after buying an additional 44 shares during the period. Vertex Planning Partners LLC boosted its position in shares of Lowe's Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock worth $369,000 after buying an additional 44 shares during the period. Quadcap Wealth Management LLC boosted its position in shares of Lowe's Companies by 0.5% during the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock worth $2,189,000 after buying an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Lowe's Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after buying an additional 47 shares during the period. Finally, Fielder Capital Group LLC boosted its position in shares of Lowe's Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock worth $202,000 after buying an additional 48 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. KeyCorp increased their price objective 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. Royal Bank Of Canada increased their price objective on Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe's Companies in a research note on Thursday, August 21st. Finally, Truist Financial increased their price objective on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note 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 assigned a Sell rating to the company. According to MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $284.13.

Insider Transactions at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was 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. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 over the last three months. 0.27% of the stock is currently owned by company insiders.

Lowe's Companies Price Performance

Lowe's Companies stock opened at $271.89 on Friday. 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 $152.48 billion, a PE ratio of 22.34, a P/E/G ratio of 2.52 and a beta of 0.87. The stock's fifty day moving average is $243.26 and its two-hundred day moving average is $231.73.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results 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 negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same period last year, the firm earned $4.10 earnings per share. 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. On average, research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Cuts Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.0%. Lowe's Companies's payout ratio is 39.44%.

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.