Sunpointe LLC Takes Position in Lowe's Companies, Inc. $LOW

Key Points

• Sunpointe LLC has acquired a new stake in Lowe's Companies, Inc., purchasing 3,539 shares valued at approximately $785,000.
• Insider selling has been noted, with notable transactions including EVP Juliette Williams Pryor and EVP Joseph Michael Mcfarland selling 929 and 43,810 shares, respectively, reducing their ownership percentages.
• Analysts have raised target prices for Lowe's stock, with UBS Group increasing it from $300 to $325, contributing to a consensus rating of "Moderate Buy" with an average target price of $284.13.

Sunpointe LLC acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,539 shares of the home improvement retailer's stock, valued at approximately $785,000.

Several other large investors have also modified their holdings of LOW. Brighton Jones LLC boosted its holdings in shares of Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after purchasing an additional 259 shares during the period. State of Wyoming boosted its holdings in Lowe's Companies by 677.1% in the 4th quarter. State of Wyoming now owns 1,088 shares of the home improvement retailer's stock valued at $269,000 after purchasing an additional 948 shares during the period. Two Sigma Advisers LP boosted its holdings in Lowe's Companies by 24.7% in the 4th quarter. Two Sigma Advisers LP now owns 42,900 shares of the home improvement retailer's stock valued at $10,588,000 after purchasing an additional 8,500 shares during the period. Finally, Twinbeech Capital LP bought a new stake in Lowe's Companies in the 4th quarter valued at $14,130,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LOW. Barclays set a $267.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Wells Fargo & Company increased their price target on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Sanford C. Bernstein increased 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. Stifel Nicolaus increased their price target on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 18th. Finally, Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Seventeen equities 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $285.08.

Lowe's Companies Trading Down 0.7%

Shares of Lowe's Companies stock traded down $1.89 during mid-day trading on Friday, reaching $265.68. 4,079,028 shares of the stock were exchanged, compared to its average volume of 2,502,386. The company has a market cap of $149.00 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.48 and a beta of 0.87. The firm has a 50-day simple moving average of $247.63 and a 200 day simple moving average of $232.64. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $0.012 dividend. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is presently 39.44%.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm'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 sale, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company's stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by insiders.

Lowe's Companies Company 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.