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

Key Points

• Jones Financial Companies Lllp significantly reduced its stake in Lowe's Companies, Inc. by 69.6%, now holding 95,852 shares valued at $21.8 million.
• Executive sales included CEO Marvin R. Ellison selling 40,000 shares for $10.56 million, reducing his ownership by 13.84%.
• Lowe's has established its FY 2025 earnings per share guidance at $12.200-$12.450, with analysts anticipating an average target price of $284.13 for the stock.

Jones Financial Companies Lllp lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 69.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,852 shares of the home improvement retailer's stock after selling 219,461 shares during the period. Jones Financial Companies Lllp's holdings in Lowe's Companies were worth $21,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in LOW. Brighton Jones LLC grew its position in shares of Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after buying an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after buying an additional 259 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Lowe's Companies by 7.0% during the 4th quarter. Focus Partners Wealth now owns 263,811 shares of the home improvement retailer's stock valued at $65,429,000 after purchasing an additional 17,329 shares in the last quarter. KKM Financial LLC acquired a new position in Lowe's Companies in the 4th quarter valued at $393,000. Finally, Janus Henderson Group PLC grew its stake in Lowe's Companies by 0.4% in the 4th quarter. Janus Henderson Group PLC now owns 82,024 shares of the home improvement retailer's stock valued at $20,261,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm'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 directly owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,121 shares of company stock valued at $13,003,146 over the last ninety days. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. Sanford C. Bernstein boosted their price objective on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Wells Fargo & Company upped their price target on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. Finally, Truist Financial upped 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. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $284.13.

Lowe's Companies Price Performance

Shares of LOW traded up $6.01 during trading hours on Thursday, hitting $272.56. The company's stock had a trading volume of 2,253,358 shares, compared to its average volume of 2,716,010. The business has a 50 day simple moving average of $241.49 and a two-hundred day simple moving average of $231.38. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a market cap of $152.86 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.49 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe's Companies's dividend payout ratio (DPR) is 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.