Jump Financial LLC Has $350,000 Stock Holdings in Lowe's Companies, Inc. $LOW

Jump Financial LLC reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 82.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the home improvement retailer's stock after selling 7,060 shares during the quarter. Jump Financial LLC's holdings in Lowe's Companies were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Lowe's Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Lowe's Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after purchasing an additional 259 shares during the period. Brevan Howard Capital Management LP raised its position in shares of Lowe's Companies by 78.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 19,699 shares of the home improvement retailer's stock valued at $4,862,000 after purchasing an additional 8,644 shares during the period. Bosun Asset Management LLC raised its position in shares of Lowe's Companies by 16.3% in the fourth quarter. Bosun Asset Management LLC now owns 1,425 shares of the home improvement retailer's stock valued at $352,000 after purchasing an additional 200 shares during the period. Finally, BOKF NA raised its position in shares of Lowe's Companies by 3.8% in the fourth quarter. BOKF NA now owns 30,575 shares of the home improvement retailer's stock valued at $7,580,000 after purchasing an additional 1,123 shares during the period. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Lowe's Companies Trading Up 2.1%

Lowe's Companies stock traded up $5.43 during trading hours on Friday, reaching $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 cap of $151.42 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.41 and a beta of 0.87. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The stock has a 50 day moving average of $237.93 and a two-hundred day moving average 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 (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is presently 39.44%.

Analysts Set New Price Targets

A number of research firms recently commented on LOW. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Thursday, August 21st. Citigroup lowered their price target on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Truist Financial raised their price target on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Wells Fargo & Company raised their price target on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $284.13.

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.