Vista Cima Wealth Management LLC Acquires Shares of 189,000 Lowe's Companies, Inc. $LOW

Key Points

• Vista Cima Wealth Management LLC acquired a new stake in Lowe's Companies, purchasing 189,000 shares valued at approximately $44,000, which constitutes about 0.0% of their investment portfolio.
• CEO Marvin R. Ellison recently sold 40,000 shares of Lowe's stock for over $10 million, representing a significant 13.84% reduction in his ownership.
• Lowe's Companies reported quarterly earnings of $4.33 EPS, exceeding analyst expectations of $4.24, while forecasting FY 2025 guidance at 12.200-12.450 EPS.

Vista Cima Wealth Management LLC acquired a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 189,000 shares of the home improvement retailer's stock, valued at approximately $44,000. Lowe's Companies makes up 0.0% of Vista Cima Wealth Management LLC's portfolio, making the stock its 15th largest position.

Several other hedge funds have also recently bought and sold shares of LOW. Wood Tarver Financial Group LLC purchased a new stake in Lowe's Companies in the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in Lowe's Companies in the 1st quarter worth about $32,000. Orion Capital Management LLC purchased a new stake in Lowe's Companies in the 4th quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in Lowe's Companies in the 1st quarter worth about $36,000. Finally, IFS Advisors LLC increased its position in Lowe's Companies by 60.0% in 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 last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Lowe's Companies Price Performance

Shares of NYSE LOW traded up $3.85 during trading hours on Thursday, hitting $264.53. 1,510,752 shares of the company's stock were exchanged, compared to its average volume of 2,694,297. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The stock has a market capitalization of $148.35 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.39 and a beta of 0.87. The company's 50-day moving average price is $237.06 and its 200-day moving average price is $230.63.

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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period in the previous year, the company posted $4.10 earnings per share. The company's quarterly revenue 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, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe's Companies's payout ratio is currently 39.44%.

Analyst Upgrades and Downgrades

LOW has been the topic of several research reports. Piper Sandler upped their target price on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. DA Davidson upped their target price on Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Stifel Nicolaus upped their target price on Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a research report on Monday, August 18th. Robert W. Baird upped 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, August 21st. Finally, Barclays set a $267.00 target price on Lowe's Companies in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $284.13.

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.