Focus Financial Network Inc. Buys 286 Shares of Lowe’s Companies, Inc. $LOW

Focus Financial Network Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 17.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,922 shares of the home improvement retailer’s stock after purchasing an additional 286 shares during the period. Focus Financial Network Inc.’s holdings in Lowe’s Companies were worth $426,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LOW. Brighton Jones LLC grew its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after buying an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares in the last quarter. Retirement Planning Group LLC grew its holdings in Lowe’s Companies by 17.5% in the 4th quarter. Retirement Planning Group LLC now owns 1,002 shares of the home improvement retailer’s stock valued at $247,000 after buying an additional 149 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at $111,000. Finally, Sunbelt Securities Inc. grew its holdings in Lowe’s Companies by 1.4% in the 4th quarter. Sunbelt Securities Inc. now owns 7,042 shares of the home improvement retailer’s stock valued at $1,737,000 after buying an additional 100 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW opened at $265.68 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The company has a market capitalization of $149.00 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87. The business has a 50-day moving average of $247.63 and a 200-day moving average of $232.57.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period last year, the company earned $4.10 earnings per share. The firm’s 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. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. This trade represents 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 the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’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 value of $11,942,606.00. Following the sale, the executive vice president directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LOW shares. KeyCorp upped their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. UBS Group increased their target price on Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Finally, Sanford C. Bernstein increased their target price on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Seventeen 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 company. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.08.

Lowe’s Companies 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.