Sava Infond d.o.o. Sells 1,500 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Sava Infond d.o.o. has reduced its stake in Lowe's Companies, Inc. by 23.7%, selling 1,500 shares and now holding a total of 4,830 shares valued at approximately $1,072,000.
• Insider trading was notable with EVP Brandon J. Sink and CEO Marvin R. Ellison selling 8,192 and 40,000 shares, respectively, leading to decreases of 27.49% and 13.84% in their positions.
• Lowe's recently reported earnings per share (EPS) of $4.33 for the last quarter, surpassing estimates, and has set a FY 2025 guidance of 12.200-12.450 EPS.

Sava Infond d.o.o. decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 23.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,830 shares of the home improvement retailer's stock after selling 1,500 shares during the period. Sava Infond d.o.o.'s holdings in Lowe's Companies were worth $1,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Lowe's Companies in the first quarter worth approximately $32,000. Inlight Wealth Management LLC bought a new stake in Lowe's Companies in the first quarter valued at $36,000. TruNorth Capital Management LLC bought a new stake in Lowe's Companies in the first quarter valued at $38,000. JNBA Financial Advisors boosted its holdings in Lowe's Companies by 147.1% in the first 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 in the last quarter. Finally, Orion Capital Management LLC boosted its holdings in Lowe's Companies by 34.2% in the first quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer's stock valued at $46,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Insider Buying and Selling

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction dated Friday, September 5th. The stock was 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 of the company's stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the 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 sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock worth $24,945,752 in the last 90 days. 0.27% of the stock is owned by company insiders.

Lowe's Companies Trading Down 0.4%

Shares of LOW stock opened at $246.24 on Friday. The company's fifty day moving average price is $253.95 and its 200-day moving average price is $234.08. The stock has a market cap of $138.10 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.29 and a beta of 0.88. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during 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%.Lowe's Companies'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. On average, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's payout ratio is currently 39.44%.

Wall Street Analyst Weigh In

LOW has been the topic of several recent analyst reports. Guggenheim reiterated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Wall Street Zen upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday. Royal Bank Of Canada lifted their price target on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, August 21st. Sanford C. Bernstein lifted their price target on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Barclays set a $267.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Seventeen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus target price of $285.50.

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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