Tema Etfs LLC Buys 3,702 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Tema Etfs LLC increased its stake in Lowe's Companies by 226.7%, now holding 5,335 shares valued at $1.24 million as of the latest reporting period.
• Multiple analysts have raised their price targets for Lowe's, with Wells Fargo increasing it from $260 to $300, reflecting a strong consensus rating of "Moderate Buy" among sixteen research firms.
• Lowe's Companies recently announced a quarterly dividend of $1.20 per share, representing a yield of 1.9% and an increase from the previous dividend of $1.15.

Tema Etfs LLC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 226.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,335 shares of the home improvement retailer's stock after acquiring an additional 3,702 shares during the quarter. Tema Etfs LLC's holdings in Lowe's Companies were worth $1,244,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Lowe's Companies by 0.4% in the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock valued at $12,736,545,000 after buying an additional 230,359 shares during the period. Invesco Ltd. lifted its stake in Lowe's Companies by 10.6% in the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock valued at $1,214,448,000 after buying an additional 501,154 shares during the period. Goldman Sachs Group Inc. lifted its stake in Lowe's Companies by 6.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer's stock valued at $1,192,213,000 after buying an additional 330,701 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Lowe's Companies by 6.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock valued at $1,242,793,000 after buying an additional 323,371 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Lowe's Companies by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer's stock valued at $881,406,000 after buying an additional 225,964 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction that occurred 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 directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,059 shares of company stock worth $11,060,014. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on LOW. Robert W. Baird increased their target price on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Citigroup cut their target price on 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. Gordon Haskett raised Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Truist Financial increased their target price on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Barclays set a $267.00 target price on Lowe's Companies in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $284.13.

Lowe's Companies Stock Performance

NYSE LOW traded up $1.00 on Friday, reaching $258.54. The company had a trading volume of 2,177,553 shares, compared to its average volume of 3,220,431. The company's fifty day moving average is $234.70 and its 200-day moving average is $230.34. The firm has a market capitalization of $144.89 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year 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, beating 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 negative return on equity of 52.02% and a net margin of 8.20%.The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

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

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.