Lowe's Companies (NYSE:LOW) EVP Joseph Michael Mcfarland Sells 43,810 Shares

Key Points

• Joseph Michael Mcfarland, EVP of Lowe's Companies, sold 43,810 shares at an average price of $272.60, totaling approximately $11.94 million, resulting in a significant decrease in his ownership position.
• Lowe's recently reported $4.33 earnings per share, surpassing estimates, with a 1.6% year-over-year revenue increase, though slightly below analyst expectations.
• Recent analyst ratings show a consensus of "Moderate Buy" for Lowe's stock, with price targets ranging from $260.00 to $325.00, indicating positive sentiment among market analysts.

Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) EVP Joseph Michael Mcfarland sold 43,810 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value 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 $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $0.51 during mid-day trading on Friday, hitting $271.89. The company's stock had a trading volume of 2,885,017 shares, compared to its average volume of 2,716,879. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The business has a 50-day moving average price of $242.38 and a 200 day moving average price of $231.63. The stock has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.47 and a beta of 0.87.

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 the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The business 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 $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe's Companies's dividend payout ratio is presently 39.44%.

Wall Street Analyst Weigh In

LOW has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe's Companies in a research note on Thursday, August 21st. UBS Group upped their price objective on Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Royal Bank Of Canada upped their price objective on Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 21st. Finally, Robert W. Baird upped their price objective on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $284.13.

Institutional Investors Weigh In On Lowe's Companies

A number of institutional investors and hedge funds have recently modified their holdings of LOW. Vanguard Group Inc. raised its position in Lowe's Companies by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer's stock valued at $12,197,604,000 after purchasing an additional 366,977 shares in the last quarter. State Street Corp raised its position in Lowe's Companies by 0.8% during the 2nd quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer's stock valued at $5,527,176,000 after purchasing an additional 207,826 shares in the last quarter. Geode Capital Management LLC raised its position in Lowe's Companies by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer's stock valued at $2,732,049,000 after purchasing an additional 42,190 shares in the last quarter. Norges Bank bought a new stake in Lowe's Companies during the 2nd quarter valued at $1,773,624,000. Finally, Invesco Ltd. raised its position in Lowe's Companies by 10.6% during the 1st 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 in the last quarter. 74.06% of the stock is owned by institutional investors.

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.

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