Lowe's Companies, Inc. $LOW Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Lowe's Companies by 2.1%, acquiring an additional 8,832 shares, bringing its total holdings to 426,656 shares valued at approximately $97.41 million.
• Insider sales included CEO Marvin R. Ellison selling 40,000 shares for $10.56 million, resulting in a 13.84% reduction of his ownership.
• Analysts have raised their price targets for Lowe's stock, with JPMorgan Chase increasing it from $280 to $283 and Mizuho raising it from $280 to $285, indicating strong confidence in the company's performance.

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,656 shares of the home improvement retailer's stock after acquiring an additional 8,832 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.08% of Lowe's Companies worth $97,410,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Lowe's Companies in the 1st quarter valued at approximately $32,000. Orion Capital Management LLC acquired a new position in Lowe's Companies in the 4th quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in Lowe's Companies during the 1st quarter worth about $36,000. Finally, IFS Advisors LLC increased its stake in shares of Lowe's Companies by 60.0% in 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 during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on LOW. Citigroup decreased their target price on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Robert W. Baird increased their price target on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Stifel Nicolaus lifted their target price on shares of Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a research report on Monday, August 18th. Guggenheim restated a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada upped their price objective 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, August 21st. Seventeen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $285.08.

Lowe's Companies Stock Down 0.7%

LOW stock traded down $1.89 during mid-day trading on Friday, hitting $265.68. The company had a trading volume of 4,079,028 shares, compared to its average volume of 2,502,386. The company has a 50-day moving average price of $247.63 and a 200 day moving average price of $232.64. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The company has a market capitalization of $149.00 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 2.48 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its 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 firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a $0.012 dividend. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's payout ratio is currently 39.44%.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction on 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 in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction 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 approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,931 shares of company stock valued at $24,945,752. 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.