Lowe's Companies, Inc. $LOW Holdings Increased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its stake in Lowe's Companies, Inc. by 55%, owning 16,250 shares valued at $3.6 million as of the latest quarter.
• Recent insider trading includes EVP Brandon J. Sink selling 8,192 shares and CEO Marvin R. Ellison selling 40,000 shares, reducing their ownership percentages by significant margins.
• Equity analysts have raised price targets for Lowe's from $240 to $294, indicating a positive outlook with an average price target of $285.50.

Simplicity Wealth LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 55.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,250 shares of the home improvement retailer's stock after acquiring an additional 5,766 shares during the quarter. Simplicity Wealth LLC's holdings in Lowe's Companies were worth $3,605,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Lowe's Companies during the 1st quarter valued at about $32,000. Olistico Wealth LLC acquired a new stake in Lowe's Companies during the second quarter valued at approximately $33,000. Inlight Wealth Management LLC bought a new stake in Lowe's Companies during the first quarter worth approximately $36,000. TruNorth Capital Management LLC acquired a new position in Lowe's Companies in the first quarter worth approximately $38,000. Finally, JNBA Financial Advisors grew its position in Lowe's Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after buying an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 249,043 shares of the company's stock, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last ninety days. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler increased their price objective on Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Wall Street Zen raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday. Sanford C. Bernstein lifted their price target on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. DA Davidson upped their price objective on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Lowe's Companies in a report on Saturday, September 27th. Seventeen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $285.50.

Lowe's Companies Stock Down 0.4%

Shares of NYSE:LOW opened at $246.24 on Monday. The firm has a fifty day moving average of $253.95 and a two-hundred day moving average of $234.20. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The firm has a market capitalization of $138.10 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.28 and a beta of 0.88.

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 the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during 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 quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe's Companies's dividend payout ratio is currently 39.44%.

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.

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