Venture Visionary Partners LLC Sells 32,002 Shares of Lowe's Companies, Inc. $LOW

Key Points

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Venture Visionary Partners LLC lowered its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 50.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,016 shares of the home improvement retailer's stock after selling 32,002 shares during the period. Venture Visionary Partners LLC's holdings in Lowe's Companies were worth $7,467,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new stake in Lowe's Companies during the 4th quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in Lowe's Companies during the 1st quarter valued at about $32,000. Orion Capital Management LLC bought a new stake in Lowe's Companies during the 4th quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in Lowe's Companies during the 1st quarter valued at about $36,000. Finally, IFS Advisors LLC increased its stake 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 purchasing an additional 60 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the transaction, the executive vice president owned 31,898 shares of the company's stock, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Lowe's Companies Stock Up 3.1%

Shares of Lowe's Companies stock traded up $7.9280 during trading hours on Friday, reaching $263.5780. 3,795,959 shares of the stock traded hands, compared to its average volume of 2,726,691. The company has a 50 day moving average price of $229.15 and a 200 day moving average price of $230.35. The firm has a market capitalization of $147.72 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 2.43 and a beta of 0.89. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01.

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

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 23rd. Lowe's Companies's dividend payout ratio is 39.77%.

Analysts Set New Price Targets

LOW has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Robert W. Baird boosted their target price on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a research report on Thursday. Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Thursday. Royal Bank Of Canada upped their target price on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday. Finally, Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research note on Thursday. Sixteen investment 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. According to MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and an average target price of $284.33.

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.