8,818 Shares in Lowe’s Companies, Inc. $LOW Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,818 shares of the home improvement retailer’s stock, valued at approximately $1,956,000.

A number of other institutional investors also recently bought and sold shares of LOW. Advisory Services Network LLC increased its holdings in shares of Lowe’s Companies by 19.2% in the 2nd quarter. Advisory Services Network LLC now owns 46,372 shares of the home improvement retailer’s stock valued at $10,367,000 after acquiring an additional 7,473 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in Lowe’s Companies by 2.5% in the second quarter. Anchor Investment Management LLC now owns 46,628 shares of the home improvement retailer’s stock valued at $10,345,000 after purchasing an additional 1,136 shares in the last quarter. Old North State Trust LLC increased its stake in Lowe’s Companies by 11.2% in the second quarter. Old North State Trust LLC now owns 1,238 shares of the home improvement retailer’s stock valued at $275,000 after purchasing an additional 125 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Lowe’s Companies by 34.1% during the second quarter. Geneos Wealth Management Inc. now owns 10,701 shares of the home improvement retailer’s stock worth $2,374,000 after purchasing an additional 2,719 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in Lowe’s Companies by 8.3% during the second quarter. Westwood Holdings Group Inc. now owns 76,206 shares of the home improvement retailer’s stock worth $16,908,000 after purchasing an additional 5,836 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW opened at $247.20 on Monday. The stock has a market capitalization of $138.67 billion, a P/E ratio of 20.50, a P/E/G ratio of 4.10 and a beta of 0.96. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98. The company’s fifty day moving average is $238.74 and its two-hundred day moving average is $239.28.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. The business had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS 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. Stockholders of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is 39.80%.

Analyst Ratings Changes

Several equities analysts have issued reports on LOW shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Lowe’s Companies in a research report on Wednesday. Piper Sandler raised their price target on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Oppenheimer reduced their price objective on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Wolfe Research decreased their price objective on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $275.92.

Lowe’s Companies Company 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.