Beacon Pointe Advisors LLC Sells 3,204 Shares of Lowe’s Companies, Inc. $LOW

Beacon Pointe Advisors LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,358 shares of the home improvement retailer’s stock after selling 3,204 shares during the period. Beacon Pointe Advisors LLC’s holdings in Lowe’s Companies were worth $24,707,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LOW. Arrowstreet Capital Limited Partnership lifted its position in Lowe’s Companies by 26.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,358,118 shares of the home improvement retailer’s stock worth $523,196,000 after buying an additional 491,005 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of Lowe’s Companies by 1.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 575,842 shares of the home improvement retailer’s stock valued at $127,762,000 after acquiring an additional 7,100 shares during the last quarter. Claret Asset Management Corp increased its position in shares of Lowe’s Companies by 5.2% in the second quarter. Claret Asset Management Corp now owns 3,334 shares of the home improvement retailer’s stock valued at $740,000 after acquiring an additional 166 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Lowe’s Companies by 4.7% during the second quarter. Panagora Asset Management Inc. now owns 14,530 shares of the home improvement retailer’s stock worth $3,224,000 after acquiring an additional 646 shares in the last quarter. Finally, VestGen Advisors LLC boosted its position in Lowe’s Companies by 5.9% during the second quarter. VestGen Advisors LLC now owns 6,931 shares of the home improvement retailer’s stock valued at $1,538,000 after purchasing an additional 384 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.6%

LOW stock opened at $246.29 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64. The business’s 50 day simple moving average is $239.99 and its 200 day simple moving average is $238.08. The firm has a market capitalization of $138.12 billion, a PE ratio of 20.24, a PEG ratio of 2.21 and a beta of 0.87.

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

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio is 39.80%.

Insider Transactions at Lowe’s Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the 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 transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LOW has been the subject of a number of analyst reports. TD Cowen decreased their price target on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Wells Fargo & Company cut their price objective on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Wolfe Research decreased their target price on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Telsey Advisory Group lowered their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Fifteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $274.63.

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.