Prime Capital Investment Advisors LLC Has $3.80 Million Stock Position in Lowe's Companies, Inc. $LOW

Prime Capital Investment Advisors LLC reduced its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 16.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,133 shares of the home improvement retailer's stock after selling 3,490 shares during the period. Prime Capital Investment Advisors LLC's holdings in Lowe's Companies were worth $3,801,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Lowe's Companies during the first quarter worth approximately $32,000. Olistico Wealth LLC acquired a new stake in Lowe's Companies during the second quarter worth approximately $33,000. Inlight Wealth Management LLC acquired a new stake in Lowe's Companies during the first quarter worth approximately $36,000. TruNorth Capital Management LLC acquired a new stake in Lowe's Companies during the first quarter worth approximately $38,000. Finally, JNBA Financial Advisors lifted its position in Lowe's Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after acquiring an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LOW shares. Barclays set a $267.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. Truist Financial raised their target price on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Mizuho raised their target price on shares of Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. UBS Group raised their target price on shares of Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Robert W. Baird raised their target price on shares of Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Seventeen investment 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $283.83.

Lowe's Companies Price Performance

Shares of NYSE:LOW opened at $239.58 on Wednesday. The company's 50 day simple moving average is $254.37 and its 200 day simple moving average is $234.34. The stock has a market capitalization of $134.36 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same period last year, the firm posted $4.10 earnings per share. The firm's quarterly revenue 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. As a group, analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given 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 dividend payout ratio (DPR) is currently 39.44%.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the sale, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This 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. Corporate insiders own 0.27% of the company's stock.

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.

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