Lowe's Companies, Inc. $LOW Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Lowe's Companies by 0.7% during Q2, owning 384,163 shares worth approximately $85.23 million.
• Analysts have varied price targets for Lowe's, with Citigroup lowering its target from $253.00 to $242.00 while UBS raised it from $300.00 to $325.00, showing a consensus average target of $285.08.
• Lowe's reported a Q2 EPS of $4.33, exceeding analysts' estimates, and declared a quarterly dividend of $0.05 with a 0.0% yield.

Swedbank AB raised its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 384,163 shares of the home improvement retailer's stock after buying an additional 2,602 shares during the quarter. Swedbank AB owned approximately 0.07% of Lowe's Companies worth $85,234,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC purchased a new position in shares of Lowe's Companies during the 4th quarter worth $25,000. Fairway Wealth LLC purchased a new position in shares of Lowe's Companies during the 1st quarter worth $32,000. Orion Capital Management LLC purchased a new position in shares of Lowe's Companies during the 4th quarter worth $36,000. Inlight Wealth Management LLC purchased a new position in shares of Lowe's Companies during the 1st quarter worth $36,000. Finally, IFS Advisors LLC grew its holdings in shares of Lowe's Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Price Performance

Shares of NYSE LOW traded down $4.34 during midday trading on Monday, hitting $260.86. 3,435,258 shares of the company's stock were exchanged, compared to its average volume of 2,516,509. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The company has a market cap of $146.30 billion, a PE ratio of 21.43, a P/E/G ratio of 2.45 and a beta of 0.87. The firm's fifty day simple moving average is $248.40 and its 200-day simple moving average is $232.62.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the company earned $4.10 EPS. The business's quarterly 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. Equities analysts anticipate 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. Investors of record on Wednesday, October 22nd will be paid a dividend of $0.012 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LOW shares. Piper Sandler raised their target price on Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Citigroup lowered their target price on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Wells Fargo & Company raised their target price on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Robert W. Baird raised their target price on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Sanford C. Bernstein raised their target price on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $285.08.

Insider Transactions at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the business'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 value of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by corporate insiders.

About Lowe's Companies

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.