AlphaCore Capital LLC Acquires 2,094 Shares of Lowe’s Companies, Inc. $LOW

AlphaCore Capital LLC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 33.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,356 shares of the home improvement retailer’s stock after buying an additional 2,094 shares during the quarter. AlphaCore Capital LLC’s holdings in Lowe’s Companies were worth $1,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mufg Securities Americas Inc. boosted its position in shares of Lowe’s Companies by 24.1% during the 2nd quarter. Mufg Securities Americas Inc. now owns 12,404 shares of the home improvement retailer’s stock worth $2,752,000 after acquiring an additional 2,409 shares in the last quarter. Evelyn Partners Investment Management LLP grew its position in shares of Lowe’s Companies by 642.4% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 8,010 shares of the home improvement retailer’s stock valued at $1,822,000 after buying an additional 6,931 shares during the last quarter. Journey Strategic Wealth LLC lifted its position in shares of Lowe’s Companies by 30.5% in the 2nd quarter. Journey Strategic Wealth LLC now owns 5,333 shares of the home improvement retailer’s stock worth $1,183,000 after purchasing an additional 1,245 shares during the period. White Pine Capital LLC lifted its stake in shares of Lowe’s Companies by 6.8% in the 2nd quarter. White Pine Capital LLC now owns 1,254 shares of the home improvement retailer’s stock valued at $278,000 after purchasing an additional 80 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in Lowe’s Companies in the second quarter worth $710,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $234.12 on Friday. The company’s fifty day moving average price is $243.31 and its 200-day moving average price is $237.49. The firm has a market capitalization of $131.30 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Mizuho decreased their price target on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday. Telsey Advisory Group decreased their price objective on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday. Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Finally, Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.75.

Insiders Place Their Bets

In other news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,931 shares of company stock valued at $14,381,752 over the last three months. Insiders own 0.27% of the company’s stock.

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.