Prairie Sky Financial Group LLC Invests $342,000 in Lowe's Companies, Inc. $LOW

Key Points

• Prairie Sky Financial Group LLC invested approximately $342,000 in Lowe's Companies, Inc., acquiring 1,543 shares during the second quarter.
• Lowe's last reported quarterly earnings with an EPS of $4.33, exceeding analysts' expectations, while the company set its FY 2025 guidance at $12.200-12.450 EPS.
• The company declared a quarterly dividend of $1.20 per share, with a payout ratio of 39.44%, and the dividend will be paid out on November 5th to shareholders of record by October 22nd.

Prairie Sky Financial Group LLC acquired a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,543 shares of the home improvement retailer's stock, valued at approximately $342,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SeaBridge Investment Advisors LLC raised its stake in shares of Lowe's Companies by 3.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer's stock worth $2,859,000 after buying an additional 465 shares in the last quarter. State of Alaska Department of Revenue grew its holdings 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 worth $29,223,000 after acquiring an additional 1,470 shares during the last quarter. Larson Financial Group LLC grew its holdings 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 acquiring an additional 1,242 shares during the last quarter. Advent Capital Management DE grew its holdings in shares of Lowe's Companies by 20.0% in 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 last quarter. Finally, Cornerstone Wealth Group LLC grew its holdings in shares of Lowe's Companies by 12.6% in the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock worth $6,848,000 after acquiring an additional 3,295 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Up 2.7%

Shares of LOW stock opened at $240.86 on Wednesday. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The company has a market capitalization of $135.08 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 2.17 and a beta of 0.88. The stock's fifty day simple moving average is $254.98 and its 200-day simple moving average is $234.50.

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, beating analysts' consensus estimates 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 business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the previous year, the company posted $4.10 earnings per share. 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. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe's Companies's payout ratio is 39.44%.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the business'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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. Guggenheim restated a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. Wells Fargo & Company lifted their target price on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. DA Davidson lifted their target price on Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Sanford C. Bernstein lifted their target price on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lifted their target price on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Sixteen 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $282.91.

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.

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