17 Capital Partners LLC Increases Stake in Lowe’s Companies, Inc. $LOW

17 Capital Partners LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 21.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,687 shares of the home improvement retailer’s stock after buying an additional 654 shares during the period. 17 Capital Partners LLC’s holdings in Lowe’s Companies were worth $818,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LOW. Solstein Capital LLC lifted its stake in shares of Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the period. Traub Capital Management LLC bought a new position in Lowe’s Companies in the second quarter worth $30,000. Olistico Wealth LLC bought a new position in Lowe’s Companies in the second quarter worth $33,000. Barnes Dennig Private Wealth Management LLC lifted its position in Lowe’s Companies by 101.0% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after buying an additional 97 shares during the period. Finally, Vista Cima Wealth Management LLC bought a new stake in shares of Lowe’s Companies during the 1st quarter valued at $44,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 4.1%

LOW opened at $228.50 on Thursday. The stock has a market capitalization of $128.15 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.21 and a beta of 0.87. The firm has a 50 day moving average price of $244.95 and a 200-day moving average price of $237.39. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is 39.44%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 52,931 shares of company stock valued at $14,381,752. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on LOW. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a research note on Wednesday, October 8th. Evercore ISI cut their price objective on shares of Lowe’s Companies from $245.00 to $240.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Truist Financial decreased their target price on shares of Lowe’s Companies from $283.00 to $267.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Stifel Nicolaus dropped their price target on Lowe’s Companies from $275.00 to $230.00 and set a “hold” rating on the stock in a research report on Friday, November 14th. Finally, Royal Bank Of Canada upped their price target 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. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $278.91.

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.