Lowe's Companies, Inc. $LOW Shares Sold by Sepio Capital LP

Key Points

• Sepio Capital LP reduced its stake in Lowe's Companies by 15.6%, owning 12,309 shares after selling 2,279 shares, with their holdings valued at $2.87 million.
• Lowe's reported earnings of $4.33 per share for the most recent quarter, exceeding estimates, while revenue grew 1.6% year-over-year but was slightly below analyst expectations.
• The company announced a dividend cut, with a quarterly dividend of only $0.012 and an annual yield of 0.0%, reflecting the company's current financial strategy.

Sepio Capital LP trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,309 shares of the home improvement retailer's stock after selling 2,279 shares during the quarter. Sepio Capital LP's holdings in Lowe's Companies were worth $2,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Lowe's Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after buying an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of 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 purchasing an additional 259 shares during the period. Centiva Capital LP lifted its position in shares of Lowe's Companies by 18.6% in the 4th quarter. Centiva Capital LP now owns 2,056 shares of the home improvement retailer's stock worth $507,000 after purchasing an additional 322 shares during the period. Focus Partners Wealth lifted its position in shares of Lowe's Companies by 7.0% in the 4th quarter. Focus Partners Wealth now owns 263,811 shares of the home improvement retailer's stock worth $65,429,000 after purchasing an additional 17,329 shares during the period. Finally, Ground Swell Capital LLC purchased a new position in Lowe's Companies during the 4th quarter valued at about $278,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on LOW. Truist Financial raised their price objective on shares of Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Piper Sandler boosted their target price on shares of Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Gordon Haskett raised shares of Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Finally, Barclays set a $267.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $284.13.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded down $3.60 during trading on Tuesday, hitting $269.42. 3,120,371 shares of the company were exchanged, compared to its average volume of 3,068,601. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The company has a fifty day moving average price of $240.70 and a 200-day moving average price of $231.14. The firm has a market capitalization of $151.10 billion, a PE ratio of 22.14, a P/E/G ratio of 2.53 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion for 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%.The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe's Companies's payout ratio is currently 39.44%.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company's stock, valued at $5,802,133.74. This trade represents 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 at the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,121 shares of company stock worth $13,003,146. 0.27% of the stock is owned by insiders.

Lowe's Companies 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.