Arjuna Capital Has $2.63 Million Stake in Lowe’s Companies, Inc. $LOW

Arjuna Capital cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,870 shares of the home improvement retailer’s stock after selling 527 shares during the period. Arjuna Capital’s holdings in Lowe’s Companies were worth $2,634,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Solstein Capital LLC lifted its position in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the 2nd quarter worth about $30,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 76 shares during the period. Olistico Wealth LLC acquired a new position in Lowe’s Companies in the 2nd quarter valued at about $33,000. Finally, Barnes Dennig Private Wealth Management LLC grew its stake in Lowe’s Companies by 101.0% in the 2nd 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 last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In related 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 sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated 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 owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Up 1.6%

Shares of Lowe’s Companies stock opened at $246.29 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $280.64. The company has a market capitalization of $138.12 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.21 and a beta of 0.87. The firm’s 50-day moving average price is $239.99 and its two-hundred day moving average price is $238.08.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period in the previous year, the company earned $2.89 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced 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 is Wednesday, January 21st. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. HSBC reduced their price objective on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a report on Friday, November 21st. Robert W. Baird decreased their price objective on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Wolfe Research lowered their price objective on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Weiss Ratings cut shares of Lowe’s Companies from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday. Finally, Mizuho decreased their price target on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Fifteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $274.63.

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.