Free Trial

Lowe's Companies, Inc. $LOW Shares Sold by Checchi Capital Advisers LLC

Lowe's Companies logo with Retail/Wholesale background

Key Points

  • Checchi Capital Advisers LLC reduced its holdings in Lowe's Companies by 15.8%, ending the quarter with 7,787 shares valued at $1,728,000.
  • Lowe's reported earnings of $4.33 per share for the most recent quarter, exceeding analyst expectations, while revenue rose by 1.6% year over year.
  • The company announced a quarterly dividend of $1.20 per share, reflecting an annualized yield of 1.9% and a payout ratio of 39.44%.
  • Five stocks we like better than Lowe's Companies.

Checchi Capital Advisers LLC lessened its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,787 shares of the home improvement retailer's stock after selling 1,460 shares during the quarter. Checchi Capital Advisers LLC's holdings in Lowe's Companies were worth $1,728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vertex Planning Partners LLC boosted its position in Lowe's Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock worth $369,000 after purchasing an additional 44 shares in the last quarter. Quadcap Wealth Management LLC lifted its position in shares of Lowe's Companies by 0.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock valued at $2,189,000 after buying an additional 46 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Lowe's Companies by 0.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after buying an additional 47 shares in the last quarter. Fielder Capital Group LLC lifted its position in shares of Lowe's Companies by 5.9% during the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after buying an additional 48 shares in the last quarter. Finally, Zullo Investment Group Inc. lifted its holdings in Lowe's Companies by 1.1% in the 1st quarter. Zullo Investment Group Inc. now owns 4,542 shares of the home improvement retailer's stock valued at $1,059,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock opened at $246.24 on Friday. The business has a 50-day simple moving average of $253.95 and a 200-day simple moving average of $234.14. The company has a market cap of $138.10 billion, a PE ratio of 20.23, a P/E/G ratio of 2.28 and a beta of 0.88. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results 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. The firm had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 value of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last three months. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday. Sanford C. Bernstein raised their price objective on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their target price on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research report on Monday, August 18th. KeyCorp lifted their target price on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Gordon Haskett raised Lowe's Companies to a "hold" rating in a research report on Wednesday, August 13th. Seventeen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $285.50.

Check Out Our Latest Report on LOW

About Lowe's Companies

(Free Report)

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.

Read More

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).

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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.

Should You Invest $1,000 in Lowe's Companies Right Now?

Before you consider Lowe's Companies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lowe's Companies wasn't on the list.

While Lowe's Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Explosive Stock Moves Shaking Up the Market
7 Travel Stocks to Buy Before the Holidays
5 Hot Stocks to Buy Now: October’s Top Picks With Major Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines