Threadgill Financial LLC Acquires 4,173 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Threadgill Financial LLC increased its position in Lowe's Companies by 29.0% during the second quarter, now holding 18,549 shares valued at approximately $4.12 million.
• Several institutional investors have also expanded their positions in Lowe's, with Brighton Jones LLC increasing its stake by 119.7% in the last quarter.
• Lowe's reported $4.33 earnings per share in its latest quarterly results, exceeding analyst expectations, although revenues were slightly below estimates.

Threadgill Financial LLC boosted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 29.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,549 shares of the home improvement retailer's stock after acquiring an additional 4,173 shares during the period. Lowe's Companies accounts for about 2.2% of Threadgill Financial LLC's holdings, making the stock its 17th biggest position. Threadgill Financial LLC's holdings in Lowe's Companies were worth $4,115,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of LOW. State of Alaska Department of Revenue boosted its stake in shares of Lowe's Companies by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock valued at $29,223,000 after purchasing an additional 1,470 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Lowe's Companies by 8.1% in the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock worth $3,860,000 after purchasing an additional 1,242 shares during the period. Advent Capital Management DE raised its stake in Lowe's Companies by 20.0% during the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer's stock worth $4,198,000 after acquiring an additional 3,000 shares during the period. Cornerstone Wealth Group LLC grew its holdings in Lowe's Companies by 12.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock valued at $6,848,000 after buying an additional 3,295 shares in the last quarter. Finally, Community Trust & Investment Co. grew its holdings in Lowe's Companies by 2.3% during the 1st quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer's stock valued at $12,945,000 after buying an additional 1,251 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded down $1.89 during mid-day trading on Friday, reaching $265.68. 4,079,028 shares of the company traded hands, compared to its average volume of 2,502,386. The company's fifty day moving average is $247.63 and its two-hundred day moving average is $232.57. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The stock has a market cap of $149.00 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87.

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 for the quarter, topping the consensus estimate 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 analyst estimates of $23.99 billion. During the same quarter last year, the firm earned $4.10 EPS. Lowe's Companies's revenue for the quarter was up 1.6% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

The company also recently disclosed 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. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is currently 39.44%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several recent research reports. Sanford C. Bernstein lifted their price objective on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Truist Financial upped their price objective on shares of Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Citigroup lowered their price objective on 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. Robert W. Baird increased their target price on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, DA Davidson increased their price objective 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. Seventeen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $285.08.

Insider Transactions at Lowe's Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the company's stock in a transaction dated 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 $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock valued at $24,945,752 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

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.