V Square Quantitative Management LLC Has $2.71 Million Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• V Square Quantitative Management LLC increased its holdings in Lowe's Companies by 22.7% during the 2nd quarter, now owning 12,222 shares valued at $2.71 million.
• Insider trading activity showed that two executives sold shares of Lowe's, with EVP Brandon J. Sink selling 8,192 shares at an average price of $268.58, indicating a 27.49% decrease in his holdings.
• Analysts have shown optimism for Lowe's Companies, with several firms raising their price targets, including Wells Fargo increasing its target to $300 and Robert W. Baird to $295.

V Square Quantitative Management LLC grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 22.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,222 shares of the home improvement retailer's stock after purchasing an additional 2,263 shares during the period. V Square Quantitative Management LLC's holdings in Lowe's Companies were worth $2,712,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vertex Planning Partners LLC raised its holdings in Lowe's Companies by 2.9% in the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock worth $369,000 after purchasing an additional 44 shares during the period. Quadcap Wealth Management LLC increased its position in shares of Lowe's Companies by 0.5% during the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock worth $2,189,000 after acquiring an additional 46 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Lowe's Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after acquiring an additional 47 shares in the last quarter. Fielder Capital Group LLC increased its position in shares of Lowe's Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock worth $202,000 after acquiring an additional 48 shares in the last quarter. Finally, Zullo Investment Group Inc. increased its position in shares of Lowe's Companies by 1.1% during the first quarter. Zullo Investment Group Inc. now owns 4,542 shares of the home improvement retailer's stock worth $1,059,000 after acquiring an additional 49 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies 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 transaction, the executive vice president owned 21,603 shares of the company's stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 92,931 shares of company stock worth $24,945,752. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LOW shares. Wells Fargo & Company increased their price objective on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Robert W. Baird increased their price objective on shares of Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. KeyCorp increased their price objective on shares of Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. DA Davidson increased their price objective on shares of Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $285.50.

Lowe's Companies Trading Up 0.6%

Lowe's Companies stock opened at $257.18 on Monday. The company has a market cap of $144.23 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 2.38 and a beta of 0.87. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The company has a fifty day simple moving average of $251.61 and a 200 day simple moving average of $233.35.

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

Lowe's Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders 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 dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is 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.

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