Ridgewood Investments LLC Boosts Stake in Lowe's Companies, Inc. $LOW

Key Points

• Ridgewood Investments LLC increased its stake in Lowe's Companies by 97.2% during the 2nd quarter, owning 4,655 shares valued at approximately $1,033,000.
• Analysts have a consensus target price of $285.08 for Lowe's Companies, with 17 Buy ratings, reflecting positive expectations for the company's stock growth.
• Lowe's reported earnings of $4.33 per share for its last quarter, exceeding estimates, while setting a FY 2025 guidance of 12.200-12.450 EPS.

Ridgewood Investments LLC boosted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 97.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,655 shares of the home improvement retailer's stock after purchasing an additional 2,295 shares during the period. Ridgewood Investments LLC's holdings in Lowe's Companies were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wood Tarver Financial Group LLC bought a new position in Lowe's Companies in the 4th quarter valued at $25,000. Fairway Wealth LLC bought a new position in shares of Lowe's Companies in the first quarter worth about $32,000. Inlight Wealth Management LLC bought a new position in shares of Lowe's Companies in the first quarter worth about $36,000. IFS Advisors LLC increased its stake in Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after buying an additional 60 shares during the period. Finally, TruNorth Capital Management LLC bought a new stake in Lowe's Companies during the 1st quarter valued at about $38,000. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LOW shares. Wells Fargo & Company increased their target price on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Royal Bank Of Canada boosted their price target on Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe's Companies in a research report on Thursday, August 21st. Stifel Nicolaus boosted their target price on shares of Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Seventeen investment 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, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $285.08.

Lowe's Companies Price Performance

NYSE LOW opened at $265.68 on Monday. 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 $149.00 billion, a PE ratio of 21.83, a P/E/G ratio of 2.45 and a beta of 0.87. The company has a fifty day moving average of $247.63 and a 200 day moving average of $232.50.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the business posted $4.10 EPS. The company's revenue was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts expect 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. Stockholders of record on Wednesday, October 22nd will be given a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe's Companies's payout ratio is 39.44%.

Insiders Place Their Bets

In related news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the sale, the chief executive officer owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,931 shares of company stock valued at $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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