Stance Capital LLC Buys 16,320 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Stance Capital LLC significantly increased its stake in Lowe's Companies by 816,000%, owning 16,322 shares valued at approximately $3.8 million.
• Analyst ratings are mixed, with reports indicating a majority recommend a "Buy" rating, while the consensus target price is $284.13.
• CEO Marvin R. Ellison sold 40,000 shares valued at over $10.5 million, indicating a 13.84% decrease in his holdings.

Stance Capital LLC boosted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 816,000.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,322 shares of the home improvement retailer's stock after acquiring an additional 16,320 shares during the quarter. Lowe's Companies accounts for 2.7% of Stance Capital LLC's holdings, making the stock its 16th largest holding. Stance Capital LLC's holdings in Lowe's Companies were worth $3,807,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC bought a new stake in shares of Lowe's Companies during the fourth quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Lowe's Companies during the first quarter worth $32,000. Orion Capital Management LLC bought a new stake in shares of Lowe's Companies during the fourth quarter worth $36,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe's Companies during the first quarter worth $36,000. Finally, IFS Advisors LLC grew its stake in shares of Lowe's Companies by 60.0% during the first 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 last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded down $3.60 during mid-day trading on Tuesday, reaching $269.42. 3,120,371 shares of the company's stock were exchanged, compared to its average volume of 3,068,601. The firm has a market capitalization of $151.10 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.53 and a beta of 0.87. The business's fifty day moving average price is $240.70 and its 200-day moving average price is $231.14. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01.

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 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe's Companies's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe's Companies's dividend payout ratio is 39.44%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LOW shares. Piper Sandler boosted their target price on shares of Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Sanford C. Bernstein boosted their target price on shares of Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Royal Bank Of Canada boosted their target price on shares of Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 21st. Citigroup decreased their target price on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, Barclays set a $267.00 target price on shares of Lowe's Companies in a research note on Thursday, August 21st. Sixteen 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $284.13.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,121 shares of company stock valued at $13,003,146. 0.27% of the stock is currently owned by insiders.

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.