LVW Advisors LLC Has $1.75 Million Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• LVW Advisors LLC increased its holdings in Lowe's Companies, acquiring an additional 2,427 shares, bringing their total to 7,886 shares worth $1.75 million by the end of the last quarter.
• Several hedge funds, including Fairway Wealth LLC and IFS Advisors LLC, established new stakes or increased their positions in Lowe's, indicating strong institutional interest with 74.06% of the stock owned by such investors.
• Analysts are bullish on Lowe's stock, with several firms raising their price targets and a consensus rating of "Moderate Buy", predicting an average target price of $285.50.

LVW Advisors LLC lifted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 44.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,886 shares of the home improvement retailer's stock after acquiring an additional 2,427 shares during the period. LVW Advisors LLC's holdings in Lowe's Companies were worth $1,750,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Lowe's Companies in the 1st quarter valued at approximately $32,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe's Companies in the 1st quarter valued at approximately $36,000. IFS Advisors LLC raised its position in shares of Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 60 shares during the period. TruNorth Capital Management LLC acquired a new stake in shares of Lowe's Companies in the 1st quarter valued at approximately $38,000. Finally, JNBA Financial Advisors raised its position in shares of Lowe's Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock valued at $39,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LOW has been the topic of a number of analyst reports. Mizuho increased their price target on shares of Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Oppenheimer increased their target price on Lowe's Companies from $305.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday. Wolfe Research initiated coverage on Lowe's Companies in a research note on Wednesday, September 17th. They set an "outperform" rating for the company. Wells Fargo & Company increased their target price on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Stifel Nicolaus increased their target price on Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a research note on Monday, August 18th. 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's stock. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $285.50.

Lowe's Companies Stock Up 0.6%

Shares of LOW opened at $257.18 on Friday. The stock has a market capitalization of $144.23 billion, a P/E ratio of 21.13, a P/E/G ratio of 2.37 and a beta of 0.87. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The company has a 50 day moving average of $251.61 and a 200-day moving average of $233.24.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly 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 company had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid 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 (DPR) is currently 39.44%.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 30,099 shares of the company's stock, 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. Insiders sold 92,931 shares of company stock valued at $24,945,752 over the last quarter. Insiders own 0.27% of the company's stock.

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.

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