Lowe's Companies, Inc. $LOW Shares Sold by United Capital Management of KS Inc.

Key Points

• United Capital Management of KS Inc. has significantly reduced its stake in Lowe's Companies, Inc. by 66.3%, selling 20,783 shares to hold 10,566 shares, valued at approximately $2.46 million.
• Hedge fund activity has increased, with several funds, including Brighton Jones LLC and Jump Financial LLC, boosting their positions in Lowe's Companies during the fourth quarter.
• A recent analyst report set a price target for Lowe's stock ranging from $240.00 to $280.00, with a majority rating of "Moderate Buy" among analysts.

United Capital Management of KS Inc. reduced its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 66.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,566 shares of the home improvement retailer's stock after selling 20,783 shares during the quarter. United Capital Management of KS Inc.'s holdings in Lowe's Companies were worth $2,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 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 bought a new stake in Lowe's Companies in the 1st quarter valued at $32,000. Orion Capital Management LLC bought a new stake in Lowe's Companies in the 4th quarter valued at $36,000. Inlight Wealth Management LLC purchased a new position in Lowe's Companies during the 1st quarter valued at approximately $36,000. Finally, IFS Advisors LLC grew its holdings in Lowe's Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 60 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Up 2.1%

NYSE LOW traded up $5.3180 during trading hours on Tuesday, hitting $256.2080. 4,643,751 shares of the company were exchanged, compared to its average volume of 2,703,579. The company has a 50 day moving average of $227.16 and a two-hundred day moving average of $229.98. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The firm has a market cap of $143.59 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.38 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%.The business's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.06 EPS. Lowe's Companies has set its FY 2025 guidance at 12.150-12.400 EPS. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's payout ratio is 39.77%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup cut their price target 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. Gordon Haskett raised Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Guggenheim reaffirmed a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research report on Tuesday, July 22nd. Sanford C. Bernstein set a $266.00 price target on Lowe's Companies and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada reduced their price target on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Sixteen equities 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. According to MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target of $271.68.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company's stock.

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.