Yousif Capital Management LLC Decreases Position in Lowe's Companies, Inc. $LOW

Key Points

• Yousif Capital Management LLC reduced its stake in Lowe's Companies, Inc. by 1.6%, now holding 106,177 shares valued at $23.56 million as of the latest SEC filing.
• Lowe's recently reported earnings of $4.33 per share for the last quarter, surpassing analysts' expectations, despite a slight revenue miss of $23.96 billion.
• The company declared a quarterly dividend of $1.20, representing an annualized dividend yield of 2.1%, with the payment date set for November 5th for shareholders on record by October 22nd.

Yousif Capital Management LLC trimmed its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,177 shares of the home improvement retailer's stock after selling 1,727 shares during the period. Yousif Capital Management LLC's holdings in Lowe's Companies were worth $23,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Lowe's Companies by 0.4% during the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock valued at $12,736,545,000 after purchasing an additional 230,359 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Lowe's Companies by 10.6% during the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock valued at $1,214,448,000 after purchasing an additional 501,154 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Lowe's Companies by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer's stock valued at $1,192,213,000 after purchasing an additional 330,701 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Lowe's Companies by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer's stock valued at $881,406,000 after purchasing an additional 225,964 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Lowe's Companies by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer's stock valued at $816,711,000 after purchasing an additional 42,676 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Trading Down 1.0%

Shares of LOW stock opened at $232.28 on Monday. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The stock has a market cap of $130.27 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.15 and a beta of 0.88. The company has a 50 day simple moving average of $254.92 and a two-hundred day simple moving average of $234.42.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The business 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 company's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces 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 given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is presently 39.44%.

Insider Activity

In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of the company's stock in a transaction that occurred on 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 directly owned 21,603 shares in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LOW. Robert W. Baird boosted their price objective on shares of Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of Lowe's Companies in a report on Wednesday, October 8th. DA Davidson upped their target price on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Wells Fargo & Company upped their target price on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Gordon Haskett raised shares of Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $283.13.

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.

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